It is looking increasingly unlikely that LVMH will pay the agreed sum of 16.2 billion dollars for American jeweller Tiffany & Co. The French luxury group wants to get out of the deal or arrive at a lower takeover fee.
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Russian food retailer VkusVill has started looking abroad to continue its fast growth. The chain has opened its first store outside of Russia in Amsterdam.
British consumers can get their fix of Nestlé snacks, candy and coffee delivered to their doorstep, thanks to a new collaboration with Deliveroo.
How about hosting your event in an Antwerp icon? The Stadsfeestzaal, a shopping centre located on the city's main shopping street Meir, welcomes more than 100 guests in style and with all the necessary precautions against Covid-19. What better place to organise your event than an impressive retail monument?
Cancelled garment orders in Bangladesh can be saved from landfill thanks to Lost Stock, a British initiative that allows consumers to order clothes directly from textile factories in "surprise boxes".
French clothing webshop 3 Suisses has applied for and been granted protection against creditors in a move that, for once, seems to have nothing to do with the current coronavirus crisis.
Amazon will hold its first fashion sale at the end of the month: 22 June will mark the kick-off for its "Biggest Summer Sale", just when several countries have postponed their summer sales due to Covid-19.
Belgium's biggest supermarket chain, Colruyt, is launching a test store in Brussels to see if it can expand into the professional market. This would be another blow to the ailing Metro branch in the country.
Harrods is to open a pop-up outlet store in a London shopping centre next month, to deal with overstock while obeying social distancing.
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In its financial year 2019, Spar International achieved a worldwide turnover of 37.1 billion euros (+ 4.35 %). During the corona crisis, the proximity stores proved to be of vital importance.
A Dutch court has banned Nestlé from using the name 'Incredible Burger' for its plant-based products, as it is deemed too similar to American 'Impossible Foods'. The Swiss food giant has said it will comply with the verdict for the time being, but it will also launch an appeal.
American department store chain Nordstrom suffered a 40 % turnover decrease in the quarter ending 2 May, but the company says it believes in a bright future after Covid-19. After all, many competitors fare even worse.
Abercrombie & Fitch saw its losses grow by an astonishing 1180 % in the previous quarter, while turnover dropped by a third due to the Covid-19 crisis.
In almost all European countries the supermarket chains' private labels again increased their market share last year. Switzerland, Spain and the United Kingdom remain at the forefront.
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Zalando is going to introduce a sustainability test for partners. Those who fail on areas like carbon emissions or ethical standards, will be removed from the platform.
Retailers will spend the next few months trying to get their businesses running again, often in very difficult circumstances. By September a picture will emerge: who can survive and who will drown? Five dangerous trends say the latter group could be quite large...
As of today, JDE Peet's, the parent company of Douwe Egberts and Senseo, is listed on the stock market. The company has raised 2.25 billion euros already, making it the largest IPO of the year.
Ralph Lauren is the next in line to take a corona hit: in the last quarter (January to March), turnover took a worldwide double-figure drop. For the full year (April to March) results went down as well.
Creditors have offered to cancel half of the debt of Dutch chain Hema (some 300 million euros), if owner Marcel Boekhoorn hands them the ownership.
French eyewear brand IZIPIZI has chosen Brussels as the location for its third flagship store worldwide, after Paris and London. The brand found a spot near Brussels' iconic Grand Place.
It will take at least a year to digest the corona crisis, says CEO Armin Devender of Galeria Inno, the Belgian branch of German department store chain Galeria Karstadt Kaufhof. The strategy for the future is clear: stores will be adapted to the local customer, with a focus on new visual merchandising, the company will open an online marketplace and is in talks with new partners in the food sector.
Dutch Hema has decided to delay publication of its full-year results for the second time, as accountants struggle to declare the chain viable.
For the third time in two months, FNG has asked to delay repayment to its bond holders. The Belgian fashion group is in dire straits due to an aggressive acquisition policy, and already had its shares suspended.
Gucci wants to focus on just two collections per year. By abandoning anything in between, the Kering subsidiary joins a growing list of major names in fashion, who want to make the fashion industry more sustainable after the coronavirus crisis.
Amazon grows ever more powerful in this coronavirus crisis as e-commerce booms like never before. The tech giant is investing in testkits and even in a corona-proof supply chain. Is the giant going to target health services? It may well be, professor Scott Galloway thinks.
Alibaba saw its turnover climb 35 % in the past fiscal year, beating its own forecasts by a landslide. The coronavirus crisis pushed the platform's total sales over a trillion dollars, a record.
Now that a recession is looming as a result of the corona virus outbreak, discount chain Lidl wants to sharpen its price image. The retailer has decided to rearrange its international purchasing department.
Apcoa wants to turn its European network of car parks into distribution centres, where parcels are put into cargo bikes for deliveries in city centres. These should profit from a reduction in congestion and pollution.
The collapse of wholesale sales have cut Urban Outfitters' turnover back by almost a third in this year's first quarter. A healthy profit made way for a nine-figure loss, forcing yet another company to cut management wages and bonuses.
Despite a growth in food sales, Marks & Spencer saw its profits drop 21.2 % last year. The coronavirus crisis makes tough measures necessary, but also opens opportunities.
As social media turn into shopping channels more and more, Facebook owner Mark Zuckerberg is eager to cash in. Hence the introduction of Facebook Shops, which allows retailers and brands to start their own webshop on Instagram or Facebook.
Walmart saw its online sales increase 74 % during the coronavirus crisis, resulting in comparable sales growth of 10 %. Still, the American retail giant has decided to shut down its online branch Jet.com.
Amazon is rumoured to be interested in acquiring (a part of) American department store chain JCPenney, which has been granted protection against creditors and is currently looking for a solution for its deep financial problems.
Alliances between large food retailers do not have a harmful impact on agricultural prices, nor do they cause higher sales prices to consumers, a new research report by the European Commission concludes.
German department store chain Galeria Karstadt Kaufhof may close up to half of its stores and cut 5,000 jobs in the wake of the coronacrisis. However, the move proves quite controversial, with fears of abuse looming.