(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a $200 million loan to Turkish retailer A101 to support its sustainability efforts. The loan will help A101 reduce energy consumption, install solar panels, and expand its store … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Retail, Turkey, United Kingdom
Tagged A101, Dilara Sarı, EBRD, Osman Yilmaz, partnership, retail, sustainability, Turkey, Wojtek Boniaszczuk
(IN BRIEF) IKEA and VINÇON are collaborating on an exhibition at Disseny Hub Barcelona, running until February 2025, which explores the shared vision of both brands to democratize design. Titled “100 IKEA Objects We Would Have Liked to Have Had … Read the full press release
Posted in Apparel, Fashion & Beauty, Art & Culture, Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Media, Netherlands, News, Retail, Spain
Tagged Barcelona, Belén Frau, Democratic Design, Disseny Hub Barcelona (DHUB), exhibition, Fernando Amat, IKEA, Ingvar Kamprad, Juli Capella, partnership, sustainability, VINÇON
(IN BRIEF) Zalando has introduced an enhanced virtual fitting room that allows customers to create personalized 3D avatars using their own body measurements. This new feature, available in 14 European markets, enables shoppers to virtually try on Levi’s clothing, offering … Read the full press release
(IN BRIEF) On October 10, 2024, Unilever announced the successful sale of its Russian subsidiary to Arnest Group, a local manufacturer specializing in perfumes, cosmetics, and household products. This transaction encompasses Unilever’s entire operations in Russia, including its four production … Read the full press release
Posted in Apparel, Fashion & Beauty, Business, Commodities, Financial, Government, Industrial, Investment, Management, News, Retail, Science, Technology, United Kingdom
Tagged acquisition, Arnest Group, Hein Schumacher, partnership, RUSSIA, sustainability, Unilever
(IN BRIEF) A recent report by ABN AMRO reveals the significant impact of consumer goods production—specifically trainers, sofas, and smartphones—on global biodiversity, resulting in the destruction of wildlife habitats equivalent to nearly two-thirds the size of the Netherlands annually. The … Read the full press release
Posted in Banks, Business, Commodities, Economy, Environment, Financial, Industrial, Investment, Management, Netherlands, News, Retail, Technology
Tagged ABN Amro, biodiversity, Henk Hofstede, retail, smartphones, Sofas, sustainability, trainers
(IN BRIEF) H&M Move has launched its new Autumn/Winter 2024 rain collection, featuring stylish and affordable performance outerwear. Key pieces include StormMove™ overalls, relaxed-fit pants, and oversized ponchos, all designed with waterproof and windproof StormMove™ fabric. The collection offers both … Read the full press release
Posted in Apparel, Fashion & Beauty, Business, Financial, Industrial, Investment, Management, News, Retail, Sweden
Tagged Autumn/Winter 2024, H&M, Rain-Ready Activewear Collection
(IN BRIEF) H&M has launched “H&M Adorables,” a premium baby and kidswear line focused on high-quality materials and timeless designs that can be passed down through generations. The collection, which features cashmere, silk, Merino wool, and organic cotton, includes essentials … Read the full press release
Posted in Apparel, Fashion & Beauty, Business, Financial, Industrial, Investment, Management, News, Retail, Sweden
Tagged 'Adorables', Baby and Kidswear Line, H&M, Sofia Löfstedt
(IN BRIEF) Zalando has expanded its AI-powered fashion assistant across all 25 of its markets, now offering personalized fashion recommendations in local languages. This assistant, which integrates Zalando’s own models with OpenAI’s large language models, tailors advice based on factors … Read the full press release
Posted in Apparel, Fashion & Beauty, Artificial Intelligence (AI), Business, Financial, Germany, Government, Industrial, Internet & Online, Management, Netherlands, News, Poland, Retail, Switzerland, Technology, United Kingdom
Tagged AI Fashion Assistant, Amsterdam, London, partnership, Tian Su, Warsaw, Zalando, Zurich
(IN BRIEF) Germany’s consumer sentiment showed a slight improvement in September 2024, according to the latest GfK report. After a significant drop the previous month, income expectations and willingness to buy have increased, resulting in a modest rise in the … Read the full press release
Posted in Business, Commodities, Economy, Financial, Germany, Industrial, Investment, Management, News, Retail
Tagged consumer, economy, Financial, Germany, GfK, Rolf Bürkl
(IN BRIEF) Ahold Delhaize has repurchased 250,000 common shares between September 16 and September 20, 2024, at an average price of €30.85, totaling €7.7 million. This buyback is part of a larger €1 billion program announced in November 2023. To … Read the full press release
Posted in Business, Economy, Financial, Food & Beverage, Industrial, Investment, Management, Netherlands, News, Retail
Tagged Ahold Delhaize, Financial, investment, Shares Buyback Program
(IN BRIEF) Ingka Centres, part of the Ingka Group, has signed a purchase agreement to acquire Pasing Arcaden, a popular shopping center in Munich, Germany. The deal, expected to close by Q4 2024, will mark Ingka Centres’ return to Germany … Read the full press release
(IN BRIEF) Ahold Delhaize repurchased 250,000 shares between September 9 and 13, 2024, at an average price of €30.97 per share, totaling €7.7 million. This is part of their €1 billion share buyback program, with 26.49 million shares repurchased so … Read the full press release
Posted in Business, Economy, Financial, Food & Beverage, Industrial, Investment, Management, Netherlands, Retail
Tagged Ahold Delhaize, Financial, investment, Shares Buyback Program
(IN BRIEF) The Otto Group has appointed David Heckel as Vice President of Group Tax, effective October 1, 2024. Heckel, currently head of Corporate Tax at Otto, will succeed Peter Carstens, who will retire in mid-2025 after 25 years of … Read the full press release
(IN BRIEF) NIB and Kesko have signed a €150 million, 7-year sustainability-linked loan aimed at reducing Kesko’s greenhouse gas emissions and food waste. The loan’s interest rate is tied to Kesko’s progress on three key performance indicators: a 90% reduction … Read the full press release
Posted in Business, Environment, Financial, Finland, Food & Beverage, Government, Industrial, Investment, Management, News, Retail
Tagged André Küüsvek, Anu Hämäläinen, food waste, Kesko, NIB, partnership, sustainability
(IN BRIEF) The Otto Group has integrated Boston Dynamics’ Stretch robot into its logistics operations, becoming the first in Europe to do so. The robot is designed to autonomously unload containers, increasing efficiency and addressing labor shortages. This move is … Read the full press release
Posted in Artificial Intelligence (AI), Business, Electronics & Machinery, Environment, Financial, Germany, Industrial, Internet & Online, Investment, Management, News, Retail, Technology, Transportation & Logistics
Tagged AI, Boston Dynamics, Europe, Kay Schiebur, logistics, Marc Theerman, Otto Group, Stretch Robot, sustainabilty
(IN BRIEF) The European Court of Justice (ECJ) upheld the European Commission’s decision that Google abused its dominant market position by favoring its own shopping service, misleading consumers, and harming competition. idealo, a price comparison platform, welcomed the ruling as … Read the full press release
(IN BRIEF) Sainsbury’s has partnered with SAP, Accenture, and AWS to modernize its commercial systems as part of its “Next Level Sainsbury’s” strategy. The project will enhance agility, reduce technology costs, and simplify internal systems by moving to cloud-based solutions. … Read the full press release
Posted in Business, Financial, Food & Beverage, Government, Industrial, Investment, Management, News, Retail, Technology, United Kingdom
Tagged Accenture, aws, customer experience, Modernize Commercial Systems, partnership, Sainsbury, SAP
(IN BRIEF) Ahold Delhaize repurchased 250,000 shares between September 2 and September 6, 2024, at an average price of €31.22 per share, totaling €7.8 million. This is part of the company’s €1 billion share buyback program, which has repurchased a … Read the full press release
Posted in Business, Economy, Financial, Food & Beverage, Industrial, Investment, Management, Netherlands, News, Retail
Tagged Ahold Delhaize, Financial, investment, Shares Buyback Program
(IN BRIEF) Kering and the West Bund Museum are hosting the 3rd edition of Women In Motion at West Bund on September 21-22, 2024, celebrating female choreographers from China and France. This year’s festival, themed “Body Matters,” focuses on the … Read the full press release
Posted in Apparel, Fashion & Beauty, Business, Financial, France, Government, Industrial, Investment, Management, Marketing, Media, News, Retail, Society
Tagged Anda Chen, CHINA, Dew GE, Female Choreographers, France, Gu Jiani, Hou Ying, Jinqing Cai, Julie Nioche, Kering, partnership, West Bund Museum, Women In Motion Festival
(IN BRIEF) METRO has expanded its food service distribution (FSD) business in the UK by acquiring Caterite Food & Wineservice, a specialist in food delivery to the HoReCa sector in the Lake District and northern regions of the UK. This … Read the full press release
Posted in Business, Food & Beverage, Germany, Investment, Retail
Tagged acquisition, Caterite Food & Wineservice, Classic Fine Foods UK, England, expansion, food service distribution, fresh produce, FSD, growth strategy, Guillaume Deruyter, HoReCa, Hospitality, independent customers, integration, Lake District, logistics, Metro, METRO acquisitions, METRO AG, METRO GROUP, premium customers, Scotland, supply chain, synergies, UK, UK market, Wales
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