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Fashion retailer ASOS sinks after warning on 2024 sales
Date: November 1, 2023
Fashion retailer ASOS sinks after warning on 2024 sales By Sarah Young LONDON (Reuters) -Online fashion retailer ASOS warned sales would fall again in 2024, hitting its shares, though the British company said its ongoing turnaround meant growth would return the following year. ASOS said on Wednesday sales would fall between 5% and 15% in...
Nestle begins work on ‘companion products’ for weight loss drugs
Date: October 19, 2023
Nestle begins work on ‘companion products’ for weight loss drugs By Richa Naidu LONDON (Reuters) – Nestle on Thursday said it has started work on products to “companion” weight loss drugs like Novo Nordisk’s game-changing Wegovy, hoping to cash in on their growing popularity. The Swiss food giant’s CEO Mark Schneider said Nestle had not...
French retailers E-Leclerc and carrefour say they will sell fuel at cost
Date: September 26, 2023
French retailers E-Leclerc and Carrefour say they will sell fuel at cost By Blandine Henault and Forrest Crellin PARIS (Reuters) -France’s two largest food retailers, E-Leclerc and Carrefour, said on Tuesday that they would heed the government’s call for petrol and diesel to be sold at cost price at the pump. Ahead of a meeting...
Macron wants fuel industry to sell at cost price
Date: September 25, 2023
Macron wants fuel industry to sell at cost price PARIS (Reuters) – French President Emmanuel Macron said on Sunday the government would ask the fuel industry to sell at cost price and would grant 100 euros ($106.52) in aid to the poorest workers who drive to work, to stem the impact of inflation on households....
Analysis-Consumer goods firms’ pricing woes may spread beyond France
Date: September 21, 2023
Analysis-Consumer goods firms’ pricing woes may spread beyond France By Richa Naidu and Helen Reid (Reuters) – Consumer goods firms like Nestle, Lindt and Unilever may face increased pressure across Europe to cut prices after being singled out by French retailers and politicians, industry experts say. Ahead of contract talks due to start by next...
Carrefour sticks price warnings on food to shame suppliers
Date: September 14, 2023
Carrefour sticks price warnings on food to shame suppliers By Dominique Vidalon PARIS (Reuters) – French supermarket chain Carrefour has slapped price warnings on products from Lindt chocolates to Lipton Ice Tea to pressure top consumer goods suppliers Nestle, PepsiCo and Unilever to reduce inflation ahead of much-anticipated contract talks. Carrefour is putting stickers on...