Europe: latest news, insights and analysis | ESM Magazine

Arla Cuts Sales Forecast As Consumers Opt For Cheaper Butter, Cheese

Arla lowered its full-year sales forecast, saying inflation and the rising cost of living in Europe were prompting consumers to buy fewer or cheaper dairy...

EU Cuts Cereal And Oilseed Crop Forecasts Again

The European Commission has further reduced its outlook for European Union production of major cereal and oilseed crops this season, with maize seeing the...

Chocolate Makers' Prospects Sour As Cocoa Prices Spike

Chocolate makers like Hershey and Mondelēz face tougher trading conditions over the next year as they attempt to pass on soaring cocoa costs to cash-strapp...

Emmi Posts Sales Growth Of 4.3% In H1 2023

Swiss dairy group Emmi has reported a 4.3% year-on-year increase in sales, to CHF 2.1 billion (€2.2 billion), in the first half of its financial year.

Coty Forecasts Downbeat Annual Profit As Goods, Labour Costs Bite

CoverGirl parent Coty has forecast annual profit below Wall Street expectations, hurt by steeper input expenses, even as the company raised product prices...

EU Crop Monitor Trims Yield Estimates, Warns Of Wheat Quality Damage

The European Union's crop monitoring service has reduced its forecast for this year's average EU soft wheat, maize and rapeseed yields for a third consecut...

Billerud Names Matthew Hirst As President Of New European Division

Pulp and paper manufacturer Billerud has announced that it has created a new European business unit.

Italy’s Cesare Fiorucci Gets New Owners

Mexican food company Sigma Alimentos has sold Italian cured meat producer Cesare Fiorucci to Fiorucci Holding, an entity jointly controlled by Germany's Na...