Investments

Covirán Reports 8.6% Sales Growth In 2022

Spanish cooperative Covirán has reported gross sales of €1.78 billion in its 2022 financial year, registering an annual increase of 8.6%.

Penny Italia Acquires 16 Stores, Grows Presence In Rome

Penny Italia has concluded the acquisition of 16 new stores from Gruppo Faranda (Tuodì and Fresco Market banners) and a Gruppo Pam franchise.

Coop Denmark Reports Full-Year Loss Following 'Large' Investments

Coop Denmark reported a loss of DKK 628 million (€84.2 million) across its operations in its financial year 2022, which it described as 'the worst yea...

Britain's Tesco Expects Flat Profit In FY 2023-24

Britain's biggest retailer Tesco has forecast flat profit in its new financial year as it reported a 6.3% fall for 2022-23, hurt by not passing on to consu...

In Africa's Fields, A Plan To Pay Fair Wages For Chocolate Withers

A flagship programme launched in 2019 that promised a living wage to growers in top cocoa producers Ivory Coast and Ghana has left many worse off, data and...

Mercadona Reports 11% Sales Growth In Full-Year 2022

Spanish supermarket chain Mercadona reported a turnover of €31 billion, up 11% year-on-year on a like-for-like basis, in its financial year 2022.

Delhaize Belgium To Transition To Single Operating Model For Stores

Delhaize Belgium has announced plans to bring all Delhaize stores in the country under one operating model.

EU Agrees 'World's First' Bond Issuance Rules To Combat Greenwashing

The European Union said on Wednesday it had reached a deal on the 'world's first' set of comprehensive rules for issuing green bonds to meet the bloc's net...