Germany

Lidl Parent Schwarz Group Reports 8.5% Revenue Growth In FY 2023

Lidl and Kaufland parent Schwarz Group has reported a 'successful' financial year 2023 with an 8.5% increase in revenue to €167.2 billion.

Mondelēz Fined €337.5m By EU For Cross-Border Trade Curbs

Oreo maker Mondelēz International was fined €337.5 million ($365.7 million) by EU antitrust regulators for impeding cross-border of products between E...

Euro 2024 To Boost German Retail Sales By €3.8bn, HDE Says

The European Football Championship 2024 is expected to generate additional retail sales of around €3.8 billion in Germany, according to the HDE retail...

Brazil To See Worst Orange Harvest In 36 Years, Research Group Says

Brazil, a global leader in orange juice exports, is expected to see its weakest orange harvest in 36 years, according to citrus industry research group Fun...

German Food Sales Increase 1.5% In February, BVE Says

The German food industry saw a 1.5% price-adjusted increase in sales in February 2024, compared to the same period last year, according to the BVE.

Edeka Minden-Hannover Reports Growth In A Challenging Market

Edeka Minden-Hannover has reported sales growth of 6.6% to around €12.0 billion in its financial year 2023 amid challenging market conditions.

Sweden's Essity Invests In New Research And Development Centre

Swedish hygiene products maker Essity is investing in a new research and development centre in Alsace, France, that will focus on tissue hygiene products.

EU Countries Approve Law To Slash Trucks' CO2 Emissions

European Union countries have approved a law to cut carbon dioxide emissions from trucks, which will require most new heavy-duty vehicles sold in the...