Beiersdorf Ups Outlook After Seeing Strong Demand For Nivea And Sunscreen

Beiersdorf has raised its annual sales forecast for a second time this year after delivering double-digit growth during its first half due to strong...

L’Oréal Professional Expanding Reach With Sephora Deal

L’Oréal’s Professional Products division has agreed a retail partnership with LVMH-owned beauty retailer Sephora. Under the terms of the deal, the brand will make its...

Italy Eyes Deal With Supermarkets To Control Prices Of Essential Goods

Italy's government is trying to broker a deal with supermarkets and producers to control prices of essential consumer goods in a measure that would...

Casino Averts Bankruptcy After Agreeing Debt Deal

It was announced today that struggling French supermarket group Casino has agreed a long-awaited debt restructuring deal with creditors to avert bankruptcy. The agreement, led...

Food Producers Not Cooperating On Price Cuts, Says Carrefour CEO

Carrefour, Europe’s biggest food retailer, criticised suppliers as not cooperating in price renegotiations on Wednesday, even as the company said it sees inflationary prices...

France’s Casino Swings To First-Half Loss As Debt Deal Awaited

Cash-strapped grocery retailer Casino suffered a first-half loss after falling sales and price cuts at its biggest stores dented its core French business, while...

Danone Delivers Better-Than-Expected Growth

Danone has become the latest consumer goods manufacturer to report a better-than-expected rise in sales as firms continue to benefit from increased prices to...

Lidl Eyeing Takeover Of 600 Stores In France

Lidl is reportedly interested in acquiring 600 stores in France that currently operate under the Casino and Monoprix banners. Local newspaper Le Monde revealed that...

Kretinsky Set To Win Race For Casino After Rivals Pull Out

Czech billionaire Daniel Kretinsky looks poised to win the battle for control of heavily-indebted French supermarket retailer Casino after rival bidders dropped out of...

Carrefour Makes First Major Acquisition In Home Market In Over 20...

Carrefour announced yesterday that it has entered into an agreement with Belgium’s Louis Delhaize group to acquire its Cora and Match banners in France. The...

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