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French Spirits Exports Fall 20% As Inflation Hits, Industry Says

French spirits exports plunged 20% in the first quarter of the year after rising in 2022 as inflation prompted consumers around the globe to shift away fro...

Aldi, Lidl Outperform The Wider UK Grocery Sector, As Inflation Eases

Aldi and Lidl were the best-performing retailers in the UK in the 12-week period to 11 June, new data from Kantar has shown, with Aldi seeing a 24.6% incre...

Alibaba CEO Daniel Zhang To Resign To Focus On Cloud Business

Alibaba Group said its CEO and chairman Daniel Zhang will step down from the roles to focus on its cloud division as the Chinese e-commerce giant moves ahe...

Coca-Cola HBC To Buy Finlandia Vodka Owner

Coca-Cola HBC AG said that it plans to buy Finlandia vodka brand owner Brown-Forman Finland Oy from Brown-Forman Netherlands BV for $220 million (€201...

5 Takeaways From Tesco's First-Quarter Results

Tesco has reported first-quarter sales of £14.83 billion. Here are five takeaways from its first-quarter results announcement.

Tesco Sees UK Like-For-Like Sales Up 9% In First Quarter

Tesco has said there are 'encouraging early signs' that inflation was starting to ease across the market as it reported a 9% rise in underlying UK sales in...

How Carrefour Opened France's First Hypermarket, 60 Years Ago Today

On 15 June 1963, French retail – and indeed the European supermarket landscape – entered the 'modern age' with the opening of the fir...

IBM’s Elaine Parr And Sevgi Koklu On How Technology Can Be A Sustainability Enabler

Elaine Parr, Senior Partner and Vice President Consumer Industries, IBM, and Sevgi Koklu, Managing Director Global Sales, IBM Technology, share their insig...