(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
(IN BRIEF) Sainsbury’s has launched the Sainsbury’s Egg Group, an industry-first initiative designed to support over 100 UK egg farmers by ensuring financial stability, promoting sustainable practices, and improving animal welfare. The group will guarantee that farmers receive at least … Read the full press release
Posted in Agriculture, Business, Environment, Financial, Food & Beverage, Industrial, Investment, Management, News, Non Profit, Retail, United Kingdom
Tagged Egg Farmer Group, Gavin Hodgson, Gillian Potter, Sainsbury, sustainability
(IN BRIEF) IKEA has partnered with Adyen to streamline its global payment processes and improve customer experiences across both online and in-store channels. Through Adyen’s financial technology platform, IKEA will gain deeper insights into customer behaviors, enhancing its cross-channel loyalty … Read the full press release
Posted in Business, Environment, Financial, Government, Industrial, Internet & Online, Investment, Management, Netherlands, News, Retail, Sweden, Technology
Tagged Adyen, Global Payment, IKEA, Loyalty Systems, Netherland, partnership, sustainability, Tobias Lindh
(IN BRIEF) PUMA has appointed Indrajeet Sen as Senior Vice President of Group Sourcing, taking over operational responsibilities from Anne-Laure Descours, who will not extend her contract beyond 2024. Sen, who has been with PUMA since 2016, will oversee global … Read the full press release
(IN BRIEF) Barry Callebaut Group has appointed Natasha Chen as the new President of its North America division, effective September 16, 2024. She will oversee operations in the U.S., Mexico, and Canada, reporting directly to CEO Peter Feld. Chen, who … Read the full press release
Posted in Business, Food & Beverage, Industrial, Management, News, Retail, Switzerland
Tagged appointment, Barry Callebaut, Ben De Schryver, leadership, Natasha Chen, North America President, Peter Feld
(IN BRIEF) Austrian retailer BILLA provided free packed lunches to 44 Ukrainian children from Kharkiv and Odessa during their holiday in Austria, organized by Österreichische Kinderfreunde in collaboration with the Ukrainian Embassy. The children, who spent time in Carinthia and … Read the full press release
Posted in Austria, Business, Environment, Financial, Food & Beverage, Government, Industrial, Investment, Management, News, Retail, Ukraine
Tagged Austria, BILLA, Daniela Gruber-Pruner, Free Meals, Ludmil Krastev, partnership, retail, REWE International, sustainablity, Ukrainian children
(IN BRIEF) Ahold Delhaize has repurchased 250,000 common shares for €7.5 million as part of its ongoing €1 billion share buyback program. This brings the total repurchased shares to 25.7 million, with a cumulative spend of €720.5 million. The buyback … 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) Marel has unified its Retail and Food Service Solutions (RFS) and Fish divisions under the leadership of Jesper Hjortshoj to streamline operations and enhance customer value. Jesper, who has been with Marel for 18 years, will also continue … Read the full press release
Posted in Business, Food & Beverage, Iceland, Industrial, Management, News, Retail
Tagged appointment, Arni Sigurdsson, Fish Divisions, Food Service Solutions, Jesper Hjortshoj, leadership, Marel, Olafur Sigurdarson, retail
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