retailers
BusinessSupermarket chain colruyt partly halts orders from JDE peet’s over price dispute
TradingAs Bitcoin soars, luxury brands consider accepting crypto payments
BusinessBrazil meatpackers halt supply to carrefour local unit as CEO faces backlash
BusinessB&Q owner kingfisher well stocked for christmas as early shipping pays off
Greggs’ growth story won’t be derailed by UK budget, CEO says
Date: November 25, 2024
By James Davey NEWCASTLE, England (Reuters) – The boss of Britain’s Greggs said its rapid expansion would not be derailed by the new Labour government’s tax raising budget, with any customer price rises likely to only be “pennies”. The baker and fast food chain, which makes 365 million sausage rolls a year, has become a...
Brazil blasts carrefour over vow to keep mercosur meat off shelves
Date: November 22, 2024
By Lisandra Paraguassu and Luana Maria Benedito BRASILIA (Reuters) – Brazil’s government has blasted French retailer Carrefour after its CEO vowed to keep South American meat off its shelves in France in solidarity with farmers, calling the comments part of a wider push to undermine a pending trade deal. Agriculture Minister Carlos Favaro called the...
UK supermarket asda ‘lost the plot’ but is fixable, says chairman
Date: November 9, 2024
By James Davey LONDON (Reuters) – Asda, Britain’s third largest supermarket, “lost the plot” but can be fixed, its chairman said on Friday as it reported another slide in sales and warned measures in last week’s budget would cost the company 100 million pounds ($130 million). The group, majority owned by private equity firm TDR...
IPO candidate golden goose posts 12% increase in sales
Date: November 8, 2024
MILAN (Reuters) – Italian luxury sneaker brand Golden Goose said on Thursday its net revenues rose 12% at constant exchange rates in the first nine months of the year, helped by new openings. In the third quarter alone revenues also grew by 12%. “Against a backdrop of headwinds in the luxury sector, we are committed...
Ralph lauren raises sales target on strong holiday demand for sweaters, shirts
Date: November 8, 2024
By Savyata Mishra (Reuters) – Ralph Lauren raised its annual sales forecast on Thursday, on strong holiday demand for its expensive cashmere sweaters and shirts as wealthy customers remain undeterred by price hikes. Shares of the luxury retailer rose 5% in early trading as the company also beat its second-quarter results. Predominantly younger, higher value...
Croatian food retailer studenac plans warsaw, zagreb IPO
Date: November 7, 2024
GDANSK (Reuters) -Croatian food retailer Studenac is planning an initial public offering with plans to list on the stock exchanges of Warsaw and Zagreb, the company said on Thursday. The offer will consist of new shares and the sale of existing shares by current shareholders. The primary sellers include Polish Enterprise Fund VIII, which owns...