Sweden

Axfood Announces Closure Of Meal-Kit Business Middagsfrid

Axfood has decided to pull the plug on its meal-kit business Middagsfrid, citing weak demand for pre-planned subscribed meal kits.

ICA Gruppen Boosted By Price Stabilisation, Customer Growth In Q2

After a positive start to the year, ICA Gruppen continued its growth trajectory in the second quarter, with more shoppers and stable food prices.

Essity Delivers Second-Quarter Profit Beat As Volumes Rebound

Swedish hygiene products maker Essity has reported second-quarter core earnings above expectations, citing cost savings, while volumes rose in nearly all o...

Axfood Reports 2.6% Growth In Retail Sales In Second Quarter

Swedish retailer Axfood has reported a 2.6% year-on-year increase in retail sales to SEK 16.5 billion in the second quarter of its financial year.

Sweden's Essity Raises Margin Target After Vinda Sale

Swedish hygiene products maker Essity raised its core profit margin target and reiterated its core sales target after divestment of Hong Kong-listed subsid...

Axfood Agrees To Acquire City Gross For SEK 2bn

Swedish retailer Axfood has reached an agreement with Bergendahl Food Holding to acquire 100% of the food retail chain City Gross for SEK 2 billion (€...

Oda To Cut 150 Jobs As It Shifts Focus On Norway, Sweden

Oda plans to merge its Swedish, Norwegian and global management group as it seeks to achieve profitability in the Norwegian and Swedish markets by 2025.