Burberry: Higher Bonuses, Climate Neutral in Ten Years
British luxury group Burberry has overhauled its executive compensation, allowing CEO Jonathan Schulman to earn up to £12.2 million ($15.5 million) in bonuses, with a 3% salary rise to £1.24 million ($1.6 million) and a stock incentive tied to a £3.1 billion ($3.9 billion) revenue target by 2029. At the same time, the company has softened its climate pledge, extending its net‑zero emissions goal to 2050 instead of the previously announced 2030 timeline. The changes come as Burberry reports a cautious turnaround in its latest financial results. The revised pay package and delayed sustainability timeline signal a focus on short‑term growth over long‑term ESG commitments.
The AI Generation of Weighing Technology
Mettler Toledo introduced FreshAI, an AI‑driven item‑recognition solution that runs directly on its scales. The software identifies both packaged and unpackaged produce in half a second with 99% accuracy, storing data locally and communicating via encrypted REST/JSON. FreshAI speeds up...
Picnic Sees 40% Growth in France
Dutch online grocery retailer Picnic posted €140 million (≈$151 million) revenue in France, a 40 % year‑over‑year increase. The company processes about 40,000 orders weekly and commands 40 % market share in Hauts‑de‑France and 10 % in Île‑de‑France, yet it does not expect profitability for...
Claes Retail Group (JBC) Is Moving Its Logistics Operations to an External Warehouse
Claes Retail Group, owner of JBC and CKS, will outsource its logistics to provider Paxon and centralize operations in a new Beringen distribution center. The move ends use of the Houthalen site, deemed non‑viable, and consolidates all flows under one...
E-Commerce Group Otto Doubles Profits Despite Weaker Revenue
The Otto Group reported a near‑doubling of profit for the fiscal year ending February, even as revenue fell 7.4% to €13.8 billion ($15.2 bn). The decline was driven by the sale of fashion retailer About You to Zalando and weaker performance at Bonprix....
Zalando Is Adding Secondhand Luxury Fashion From Vestiaire Collective
German e‑commerce group Zalando is partnering with France‑based Vestiaire Collective to add second‑hand luxury items to its platform. The collaboration launches in 14 European markets, marking the first time Zalando’s “Pre‑owned” category will host external sellers. Shoppers will access over...
Lidl Overtakes Morrisons to Become the Fifth-Largest Supermarket Chain in the UK
Lidl has overtaken Morrisons to become the UK’s fifth‑largest supermarket chain, capturing an 8.6% market share in the 12 weeks to May 17. The German discounter posted an 8.8% sales increase, while Morrisons grew only 1.3% and fell out of the...
“EU Launches In-Depth Investigation Into JD.com’s Acquisition of Ceconomy”
The European Commission will open an in‑depth probe into the foreign‑subsidy aspects of JD.com’s proposed takeover of Germany’s Ceconomy, the parent of MediaMarkt. The investigation, slated for announcement later this week, marks the first time a Chinese‑backed acquisition will be...
More than 80% of Shopping Cora Sites in Belgium Already Filled with New Retailers
Eight months after Mitiska REIM bought seven former Cora hypermarkets in Belgium, the redevelopment is ahead of schedule. More than 80% of the retail space has already been leased to new tenants such as Delhaize, DreamLand, Kiabi and Q8. The...
Will Krispy Kreme Succeed Where Dunkin’ Donuts Failed?
Roberto Fava, the entrepreneur who previously oversaw Dunkin’ Donuts’ troubled Dutch relaunch, is now steering Krispy Kreme’s entry into the Netherlands. The American doughnut chain will open its first Dutch store this fall under Jafa Holding, Fava’s Amsterdam‑based venture. Dunkin’...
Puig and Estée Lauder Have Ended Merger Talks
Puig and Estée Lauder announced they have ended advanced merger talks that could have formed a $20 billion luxury beauty conglomerate. The negotiations stalled over demands from Charlotte Tilbury, a key brand in Estée Lauder's portfolio. Following the news, Puig’s stock slipped while Estée Lauder’s...
Reebok Owner Acquires Lee and Plans IPO with a New “Wall Street CEO”
Authentic Brands Group (ABG), the owner of Reebok, Champion and Brooks Brothers, announced it will pursue an initial public offering within the next twelve months. Simultaneously, ABG is acquiring the denim label Lee, expanding its apparel portfolio. Founder Jamie Salter...
Inno Is Moving Into a Hotel: Three Fully Furnished Suites at Novotel
Belgian department‑store chain Inno has teamed with Accor’s Novotel brand to redesign three hotel suites in Brussels and Bruges using Inno’s product range. Over a six‑month makeover, the suites showcase linens, bath textiles, personal‑care items and décor, turning each room...
Auchan Replaces Its Paper Flyer with AI
French retailer Auchan has fully discontinued its routine paper flyer distribution, replacing them with AI‑driven digital campaigns as of January. The shift follows a gradual reduction over two years and mirrors moves by rivals E.Leclerc and Carrefour, which have already...
Aldi and Blokker Are Asking Customers for Suggestions for New Locations
Aldi UK is crowdsourcing site suggestions for 124 new stores, aiming to push its footprint beyond 1,500 locations. In the Netherlands, home‑goods chain Blokker, reborn after a 2024 bankruptcy, is also asking shoppers to propose new sites, offering a chance...