Cosmetics
Reckitt Benckiser recorded its highest ever sales growth last year, thanks to Dettol and the coronavirus. The group is now reviewing its brand portfolio to maintain the momentum: Scholl is already on its way out.
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Food
Nestlé acquires SimplyCook, a British producer of recipe kits. For the FMCG giant, it is a new step in the direct-to-consumer market.
After the commotion surrounding the takeover bid by Canadian group Couche-Tard, Carrefour chief Alexandre Bompard wants to turn the page. "We are back on the offensive," he states. "But I don't see any big opportunities in France right now."
Danone acquired the American plant-based food manufacturer Earth Island for an undisclosed sum. The French food giant also published its annual results today.
Fashion
Adidas is selling its subsidiary brand Reebok. The sneaker brand is not doing well, and Adidas wants to concentrate fully on its own brand.
General
Ray-Ban manufacturer EssilorLuxottica proposed to the European Commission to sell off branches in three member states of the EU. The eyewear giant thus hopes to gain permission to take over GrandVision.
Belgian Meli and the largest honey producer of the Netherlands de Traay are joining forces. Both brands will continue to exist separately and will retain their locations in respectively Veurne and Lelystad.
The British online fashion retailer Boohoo is taking over the remaining brands of the bankrupt retail group Arcadia. Asos previously bought the biggest brands.
Carrefour is considering to take over Prosol, owner of the French fresh food chain Grand Frais. However, the target is no small beer: the takeover could well cost between 3 and 4 billion euros.
Online fashion retailer Asos is putting 295 million pounds (334 million euros) on the table for labels Topshop, Topman, Miss Selfridge and HIIT from retail group Arcadia which went bankrupt.
Belgian textile entrepreneurs Peter and Kristof De Sutter have been appointed by the Commercial Court of Dendermonde as the buyers of bankrupt fashion chain e5. With a bid of 2.5 million euros, the Flemish family beats Colruyt Group and Danish fashion player BTX.
The takeover of Hema by the Jumbo family Van Eerd and Parcom also has direct consequences for the chain's management: there will be a new CEO, and three of five supervisory board members will be replaced.
Things are moving on the British fashion market. Online fashion platform Boohoo is taking over Debenhams but is leaving the stores for what they are. In the meantime, Asos is ogling Arcadia.
Birkenstock is in advanced takeover negotiations with investment group CVC Capital. For 4 billion euros, the 250-year-old sandal brand may become a sister of luxury watch brand Breitling.
Takeover talks between Carrefour and Couche-Tard have been halted. However, both companies are looking at how they can work more closely together in the future.
What does Alimentation Couche-Tard want to achieve with a possible takeover of Carrefour? Can a petrol shop specialist save the hypermarket? One thing is clear: the French retail group is for sale...
