Walmart Raises FY Forecast After Strong Q2
Walmart has raised its profit forecast for the full fiscal year after reporting better-than-expected results in its second quarter, helped by increased shopper traffic...
PharmaSGP Acquires Several OTC Brands From GSK
German consumer healthcare company PharmaSGP has agreed to acquire four established OTC brands in eight countries from GlaxoSmithKline (GSK) in a deal worth €80m.
The...
Carrefour Eyeing Shake-Up Of Overseas Operations
Carrefour, Europe’s largest grocery retailer, revealed yesterday that it was considering possible consolidation, divestitures or tie-ups for its foreign subsidiaries.
The French weekly Challenges had...
L’Oréal Creates New Europe Zone
L’Oréal has announced the creation of a new single Europe Zone that will be led by Vianney Derville, currently President of the company’s Western...
Moet Hennessy To Add ‘Sparkling Wine’ Label To Champagne For Russia
The French champagne maker Moet Hennessy said on Sunday it would begin adding the designation “sparkling wine” to the back of bottles destined for...
CEO Of Lidl’s Parent Resigns Due To Disagreement Over ‘Important Matter’
Klaus Gehrig, the Chief Executive of the Schwarz Group, the parent company of the Lidl and Kaufland chains, is reported to have abruptly resigned.
A...
Ahold Delhaize’s CEO Is Ready To Lead On Shopper Health
For years I’ve been urging big food and restaurant companies to take the lead on helping consumers be healthier, by making better-for-you foods more...
Moët Hennessy And Campari Joins Forces For E-Commerce Venture
Drinks firms Moët Hennessy and Campari are teaming up to build a major European e-commerce business for wines and spirits following the strong growth...
Quick-Delivery Retail Startup Jokr Raises $170m From Investors
German e-commerce pioneer Ralf Wenzel’s quick-delivery retail platform Jokr, which has gone live in seven countries since launching barely four months ago, said on...
Strong Year For Owner of Lidl; Restructuring Of Management Team Underway
Schwarz Group, the German firm which operates the Lidl and Kaufland chains around the world, saw its turnover increase 10% to €125.3bn during its...
