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Retail
Retailers Face Challenges From Increased Card Payments, Demand For Cash Withdrawals, HDE Says
Increasing card payments and the growing demand for cash withdrawals are posing challenges for retailers, according to the German Retail Association (HDE).
PetSelect Doubles Production, Achieves Carbon Footprint Certification, Hits Sustainability Milestones In 2023
Founded over three decades ago, PetSelect has established itself as a leader in the pet food industry, prioritising quality, sustainability, and innovation...
METRO AG Chief Executive Dr Steffen Greubel Talks To ESM
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Private Label
Morrisons Obtains Carbon-Neutral Certification For Egg SKU
Morrisons has obtained carbon-neutral certification for its ‘Better For Our Planet’ egg SKU from the British Standards Institution (BSI), the n...
Hazelnut Cream Giant Nutkao Up for Sale: Reports
Nutkao, a leading Italian producer of private-label hazelnut cream, is reportedly exploring a sale of around 80% of the company, according to daily Corrier...
Grocery Insider
Conad’s Francesco Avanzini Discusses The Italian Retailer’s Future Strategy
There's a new name at the head of Italian retailer Conad – Francesco Avanzini, who alongside president Mauro Lusetti, is seeking to forge a succ...
How To Build Leadership In Sustainability – The Coca-Cola HBC Approach
Marcel Martin, chief corporate affairs and sustainability officer at Coca-Cola HBC, speaks to ESM about the importance of the firm's sustainability strateg...
Features
A-Brands
Danone Beats First-Quarter Sales Forecasts, Keeps 2024 Goals
Danone has posted stronger-than-expected quarterly sales, with all businesses delivering volume growth as the world's largest yoghurt maker managed to rais...
LVMH Sales Growth Slips On Luxury Spending Slowdown
LVMH's sales slowed in the first quarter as rising prices prompted more shoppers who aspire to own its luxury labels to hold back on splashing out thousand...
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Fresh Produce
Ireland's Aurivo Reports Decline In Revenue, Operating Profit In FY 2023
Irish dairy cooperative Aurivo has seen a 71.4% decline in operating profit to €5.1 million in its financial year 2023, down from €17.8 million i...
Bridor Acquires Artisanal Bakery Product-Maker Pandriks
Bridor, a subsidiary of Le Duff Group, has acquired organic and artisanal bakery products maker Pandriks Holding B.V.
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Drinks
Corona Beer Maker Constellation Brands Forecasts Annual Profit Above Estimates
Constellation Brands forecast annual profit above Wall Street expectations, banking on resilient demand for its core beer brands despite sticky inflation.
China's Crowded Wine Market Offers No Lifeline For Struggling Global Industry
Australia's wine industry has cheered news that China will drop anti-dumping tariffs, re-opening its market to imports, but the tougher economic...
Supply Chain
US Wheat Farmers Face Bleak Crop Economics As Grain Oversupply Hits
Profit is growing further out of reach for US wheat farmers and many do not expect to break even in 2024 as ample global supply keeps prices around their l...
Ukraine Sees 2024 Grain Crop Falling About 10%
Ukraine's grain harvest is likely to fall to about 52 million metric tonnes this year from 58 million tonnes in 2023, mostly due to an expected smaller sow...
Technology
Deliveroo Returns To Order Growth In First Quarter
British meal delivery company Deliveroo reported a return to order growth in its first quarter, with a 2% increase year-on-year.
Just Eat Takeaway's Q1 Transaction Value Matches Estimates
Just Eat Takeaway has reported first-quarter gross transaction value (GTV) in line with expectations, on the back of accelerated growth in its key UK and I...
Packaging
International Paper Clinches Deal To Buy DS Smith
International Paper said that it has agreed to an all-share deal to buy DS Smith, valuing the British paper and packaging firm at £5.8 billion (&euro...
DS Smith Invests €6m In Sustainable Plastic Replacement Solution
Packaging firm DS Smith has invested €6 million in a four-colour converting machine for its Eerbeek packaging plant in the Netherlands.
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