Fashion
Fast Retailing, the owner of Uniqlo amongst others, confirmed its forecasts for the 2020/21 financial year on Thursday. This is surprising at first glance, as 'motherland' Japan took stricter measures against the Covid-19 virus again a week ago.
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Food
Nestlé may be winning the corona crisis. The FMCG manufacturer is raising its expectations for 2020, after reporting comparable growth of 4.9% in the past quarter.
HelloFresh is raising its forecast for the fourth time this financial year. Turnover will easily double this year, according to the mealbox delivery service.
Electronics
Ceconomy, the holding company behind MediaMarkt and Saturn, is recovering from the corona crisis faster than expected. The German company is raising its forecasts for this financial year, although thousands of jobs are still at risk.
Zalando increases its outlook for 2020 after a strong third quarter. The online platform now expects to sell at least a quarter more this year, after a 20% increase in sales in the past quarter.
The battle for Just Eat reached a new climax yesterday. Both investor Prosus and competitor Takeaway.com increased the bid for the British meal provider. The latter also released strong annual figures: extra motivation for the hesitant Just Eat shareholders to rally behind Takeaway.com?
