France

Avril Acquires Majority Stake In Plant-Based Ready Meal Maker HARi&CO

French agri-food group Avril has acquired a majority stake in HARi&CO, a company that makes plant-based ready meals and catering products from legumes.

Casino Seals Debt Restructuring Deal With Creditors

Cash-strapped French retailer Casino has entered into an agreement in principle with its creditors to strengthen its equity position and restructure its fi...

Nestlé Says Price Rises Will Moderate In Rest Of 2023

Nestlé will raise prices at a more moderate rate in the remainder of 2023, its CEO said, as the company hit back at criticism that food manufacturer...

France's Groupe Casino Blames Price Cuts For First-Half Losses

Groupe Casino swung to a loss of €233 million for the first half of its financial year, as falling sales and price cuts at its hypermarkets and superm...

Carrefour Sees Half-Year Like-For-Like Sales Up By Double Digits

French retailer Carrefour has reported a 11.2% increase in first-half sales on a like-for-like basis, with reported sales up 8.2% in the period.

LVMH Wines & Spirits Revenue Down, Despite Champagne Performance

LVMH's Champagne portfolio, which includes Moët & Chandon, Krug and Veuve Clicquot, helped boost the performance of its Wines & Spirits busine...

Danone Writes Down Russia Assets, Reports Better-Than-Expected Sales

France's Danone said that it is deconsolidating its Essential Dairy and Plant-based (EDP) business in Russia in July, triggering a roughly €200 millio...

French Grocers Could Benefit From Food Price Cuts, Analysts Say

French grocers may benefit from the country's demand that big food producers impose price cuts as sales of supermarket own brand products rise and the majo...