Fast moving consumer goods chain D-Mart’s parent company Avenue Supermarkets is dealing with significant disruption to its retail operations which is impacting its revenue and creating the issue of excess stock.
Fast moving consumer goods business Big Bazaar is on the cusp of launching a new marketing strategy as it seeks to compete against e-commerce giant Amazon and focus on its express delivery and local tie-ups.
L'Oreal's make-up sales are set to bounce back to pre-COVID-19 pandemic levels, the French group's new chief executive said on Friday, with women opting for brighter colours in their post-crisis makeovers.
German sportswear giant Adidas raised its 2021 sales outlook on Friday, saying it expects strong demand for new products despite ongoing lockdowns in Europe, supply chain challenges and political tensions.
Raymond Ltd witnessed a 15 percent decline in consolidated net profit at Rs 58 crore ($7.9 million) for the fourth quarter ended March 2021, as against Rs 69 crore it had reported in the year-ago period.
On June 1, Hubert Hinterseher will take over from Michael Lämmermann, the German sport group’s CFO since 2013. Arne Freundt, currently head of EMEA, has instead been promoted to the post of chief commercial officer.