Europe: latest news, insights and analysis | ESM Magazine

Cava Producer Freixenet To Lay Off 80% Of Workforce Due To Drought

Spanish cava producer Freixenet has presented a plan to temporarily lay off 615 workers due to the drought affecting the Penedes area in Cataloni...

EuroCommerce Re-Elects Juan Manuel Morales As President

EuroCommerce, which represents the retail and wholesale sector in Europe, has re-elected Juan Manuel Morales as its president, with the Spaniard's second t...

Aryzta Reiterates 2024 Guidance, Q1 Organic Revenue Growth Aligns With Expectations

Aryzta has reported a 0.1% year-on-year increase in organic revenue growth to €514 million in the first quarter, which the bakery giant says aligns wi...

L’Oréal Sees First-Quarter Sales Up On Strong Mass Market Demand

L’Oréal reported a 9.4% rise in first quarter sales on a like-for-like basis, beating expectations and easing concerns about a slowdown in the...

EuroCommerce Calls On EU Institutions To 'Reprioritise' Single Market

EuroCommerce, which represents the retail and wholesale markets at a European level, has called on EU institutions and social partners to 'reprioritise' th...

French Dairy Group Lactalis Says 2023 Profitability Hit By Inflation

Lactalis said its sales had risen by 4.3% to €29.5 billion ($31.51 billion) in 2023, but its net profit margin remained low as inflation pressured con...

US Wheat Farmers Face Bleak Crop Economics As Grain Oversupply Hits

Profit is growing further out of reach for US wheat farmers and many do not expect to break even in 2024 as ample global supply keeps prices around their l...

LVMH Sales Growth Slips On Luxury Spending Slowdown

LVMH's sales slowed in the first quarter as rising prices prompted more shoppers who aspire to own its luxury labels to hold back on splashing out thousand...