Economy and finance
558 news found
Economy and financeEurostat, retail sales down in Eurozone
Volume fell 3.8% in march: -1.4% for food, beverages and tobacco/ Attachment
Eurozone retail sales in march fell more than expected. Compared to a year earlier, volume fell 3.8 percent and 4.1 percent in the Ee. In march alone, compared with february 2023, the seasonally adjusted... more
Economy and financeHeineken invests in Brazil for premium beer portfolio
More than €274 million to expand Amstel and Devassa plant
Heineken announced today that it will invest 1.5 billion reais or 274.5 million Euros in Brazil as part of a plan to expand its premium beer and single malt portfolios. The planned investment aims to increase... more
Economy and financeDeA Capital Alternative Funds transfers ownership of Stalam to Deal Source
The company which acquired 100% of the capital operates through four plants between Italy and China
A private investor club deal organized by Deal Source Italia has finalized the acquisition of 100% of Stalam SpA's share capital in partnership with the company's management from the IdeA Efficienza Energetica... more
Economy and financeClosing for Investindustrial Growth III fund.
Raised €1.1 billion to invest in lower mid-market European companies
Investindustrial announces the € 1.1 billion closing of the Investindustrial Growth III fund. The fund raised above target: the fund will continue the successful strategy launched by Investindustrial i... more
Economy and financeCherry Bay enters Animal wellness products
Minority stake acquired in the Modena-based company specializing in animal nutrition
Cherry Bay Capital Investment Club has finalized its entry into Awp, Animal wellness products, founded in 2002 by Paolo Cristofori, and today one of the leading players active in the production of innovative... more
Economy and financeItalia government exercises golden power over Whirlpool affair
Minister Urso implements special powers to safeguard employment at Italian sites
The italian government has exercised Golden Power in the Whirlpool case. In practice, the executive applying special powers, stood in the way of the merger between Whirlpool Emea and Turkey's Arçelik,... more
Economy and financeFabio Di Giammarco new CEO of Bauli
The manager will lead further expansion of the brand
The Bauli Group has appointed Fabio Di Giammarco to the role of chief executive officer, alongside chairman Michele Bauli. The new ceo will lead the confectionery industry in the new phase of strengthening... more
Economy and financeInflation slows but when will prices fall?
US firms postpone declines: in Europe, ECB fears 'excessive' impact on consumers
Corporate cost inflation is slowing down but prices continue to be high. A mechanism that is less than convincing internationally, starting with the United States where economic experts point out that... more
Economy and financeMars funds sustainable fisheries with $1 million
Agreement with WWF to implement a Fisheries Improvement Fund
It has just completed a $ 2.5 billion bond offering as part of its efforts to address global environmental issues. But snack company Mars is not standing still, and on the environmental side now announces... more
Economy and financeLactalis, the president Besnier: 7 billion of investments in Italy
"With 28 factories we are the largest milk and cheese group" in the country
13 years after the disputed acquisition of Parmalat, the head of the French group speaks for the first time. more
Economy and financeCarrefour resists inflation in first quarter 2023
Sales up 12.3%: Italy +5.6%
"Against a backdrop of very high food inflation, Carrefour maintains its course and strong commercial momentum, with steady market share in all key countries. The first months of the year confirm the relevance... more
Economy and financePepsiCo takes courage after positive first quarter
Raised 2023 estimates: january to march revenues up 10%
PepsiCo has raised its annual forecast after price increases undertaken to offset higher costs and steady product demand helped the soft drink and snack giant beat first-quarter results. Most notable was... more
Economy and financeMcDonald's holds up: first quarter on the rise
Company beats analysts' expectations: global sales up 12.6%
McDonald's beat Wall Street's expectations for global quarterly sales and earnings. The performance did not save the stock, which still lost 1.6% even as the strong numbers were achieved, yes, thanks to... more
Economy and financeNestlé starts year by (slightly) exceeding expectations
First quarter with sales up 5.6%
First quarter 2023 "slightly better than expected" for Nestlé, thanks to price increases that offset weakness in sales volumes. The Swiss company said sales rose 5.6% to 23.5 billion Swiss francs or more... more
Economy and financeDe' Longhi, 2022 difficult year saved by Brad Pitt
Profits down (-9.7%) but sales over 3 billion thanks to investment in advertising
De' Longhi, the Treviso-based company specializing in coffee machines and small household appliances, has approved its fiscal year 2022 financial statements, which closed with revenues down 2% (-5.9% at... more
Economy and financeNestlé. Budget and 2022 dividend approved
28th consecutive increase with 3.01 euros per share, 15 cents more on 2021
Nestlé shareholders approved all board proposals at the 156th Annual general meeting held yesterday in Lausanne. Among the practices approved were the election to the board of directors of Rainer Blair,... more
Economy and financeNestlé, agreement with Pai fund for frozen pizza in Europe
The company will be based in Germany: two plants, one in Italy, in Benevento
Nestlé and private equity firm Pai Partners have agreed to form a joint venture for Nestlé's frozen pizza business in Europe. The goal is to create a dedicated operator "in a competitive and dynamic c... more
Economy and financeSoaring wine prices hit consumption
OIV: Global wine exports make record at €37.6 billion but consumption drops 1 percent
World wine trade reached a record high last year, supported by a sharp increase in prices. The good news is balanced by less good news, namely that the amount of wine sold declined due to weakening demand... more
Economy and financeUS. Burger king in trouble relies on commercials
Troubled chain relies on viral "Whopper Whopper" jingle to lift sales
Burger King is banking on its viral "Whopper Whopper" jingle to boost U.S. sales as part of the crisis-ridden fast-food chain's revitalization plan. The commercial, broadcast incessantly in the U.S. during... more
Economy and financeQuadrivio and Pambianco, start raising for Made in Italy Fund II
Fund also invests in wine companies with high margin for development
The joint venture between Quadrivio and Pambianco launches Made in Italy Fund II, the second private equity fund dedicated to the world of lifestyle and Italian excellence. The new vehicle will have a... more
Economy and financeHeineken invests in South Africa
More than $852 million for a range of projects including a new maltery
Heineken will invest more than 15.5 billion zar in the South African economy. We are talking about an amount corresponding to about $852.8 million that the company announces it will invest in the South... more
Economy and financeShoppers storming the China international consumer Expo
Hainan Island will also become the world's largest duty free for food&bev brands
International luxury brands have targeted what they consider the new paradise for their products. We are talking about Haikou, in China's Hainan province, where the third China international consumer products... more
Economy and financeIntesa Sanpaolo, 55 million to Carrefour Italy for ESG projects
Agreement signed to activate new green credit line
Intesa Sanpaolo bank and Carrefour Italia have signed an agreement for a total of € 55 million that provides for the activation of a credit line with esg features, intended for the issuance of guarantees. T... more
Economy and financeClimate risks will be fatal to global poultry industry
Climate change costs will cause livestock industry profits to plummet by $23.7B USD
Climate risks could turn profits from poultry farming into losses by 2030. This is according to the Climate risk tool of Fairr, the U.S. Farm animal investment risk and returns initiative, an investor... more
Economy and financePoland suspends wheat imports from Ukraine
Existing agreement will only allow the grain to transit the country until July
Poland suspends wheat imports from Ukraine. The news comes just days after the resignation of Agriculture Minister Henryk Kowalczyk following farmers' protests against the rising price of the resource.... more
Economy and financeConstellation Brands closes fiscal year with growth
Corona Beer Group's fiscal year shows revenue up +7%: 2024 in line expected
Constellation Brands, the company that makes Corona beer, has reported its financial results for fiscal year and fourth quarter 2023 and outlook for fiscal year 2024. Well the numbers are positive, so... more
Economy and financeProcaffè, espresso from the Dolomites challenges the market
Belluno-based group focuses on millennials and new markets
Procaffé, one of the Italian and international players for the espresso market, based in Belluno, is aiming to lower the age of its customers, but above all it is aiming to expand abroad. Part of the... more
Economy and financeEridania makes its debut in the alcohol market
The company known for sugar becomes CristalCo's exclusive representative in Italy
Eridania, known in the Italian market for its range of sugars and related products, is launching a new activity in the alcohol sector for BtoB and will become, starting this month, the exclusive representative... more
Economy and financeChange at the helm of Barry Callebaut
Surprise resignation of ceo Peter Boone: in his place effective immediately Peter Feld
Barry Callebaut, the Swiss chocolate company that has just signed a deal with Nestlé surprisingly announced that ceo Peter Boone has resigned effective immediately and appointed Peter Feld as his successor.... more
Economy and financeSaputo sells Coles supermarkets two plants in Australia
Transaction worth more than € 64 million for two plants in
The reorganization of the operations of U.S.-made dairy giant Saputo, known in Italy as the family owner of Bologna calcio, continues apace. After announcing in November 2022 an initial closure in the... more