Articles by DPA
Zalando launches 6.50 euros per share tender offer for About You
Zalando SE (ZLNDY), an online retailer of fashion and lifestyle products, announced the launch of a 6.50 euros per share public tender offer for About You, following the approval of the German Federal Financial Supervisory Authority (BaFin). The Acceptance period starts today and is expected to end on 17 February 2025. The Takeover Offer is not...
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Ronald S. Lauder retires from Estée Lauder board, Eric Zinterhofer joins
On Friday, Estée Lauder Companies (EL) announced the retirement of Ronald S. Lauder from its Board of Directors, effective immediately. Following his retirement, the Board has elected Eric Zinterhofer as a director. Under the stockholders' agreement with the Lauder family, Lauder has the right to appoint two board members. While his daughter,...
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Marks & Spencer 13-week Christmas trading sales rise, confident for rest of year
Retail major Marks and Spencer Group Plc reported Thursday that its 13-week Group sales during Christmas trading increased 5.6 percent from last year to 4.06 billion pounds with growth in UK and ROI region. Looking ahead, the company said it is confident of making further progress in the remainder of the year. In its Christmas trading update,...
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About You sales marginally increase ahead of Zalando takeover
Hamburg-based fashion retailer About You barely made any gains ahead of its takeover by Zalando. In the third financial quarter to the end of November, the company generated sales of almost 559 million euros, 1.3 percent more than a year earlier, as it announced on Thursday. Management explained this with the late timing of Black Weekend, which...
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Inflation in Germany above the two percent mark, again
Rising prices for services and food have pushed the inflation rate in Germany above the two percent mark for the first time since July. In November, consumer prices were 2.2 percent higher than in the same month last year, the Federal Statistical Office confirmed on Tuesday. Preliminary data had already been available at the end of November....
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Son of former Harrods owner Al Fayed: 'My father should have been in court'
One of the sons of the deceased businessman Mohamed Al Fayed regrets that his father was not charged during his lifetime with allegations of sexual violence against dozens of women. He wishes the London police investigation "could have taken its course while he was still alive," Omar Al Fayed told the British newspaper 'Mail on Sunday'. He is...
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Eurozone: Retail sales decline more than anticipated
Retail sales across the Eurozone fell more sharply than expected in October. Month-on-month, sales contracted by 0.5 percent, according to figures released by the European statistics agency Eurostat on Thursday in Luxembourg. Economists had forecast a decline of just 0.3 percent. In September, sales had risen by 0.5 percent. Year-on-year, retail...
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Number of shoppers drop despite growth on Black Friday
An estimated 197 million people shopped during the five-day holiday weekend from Thanksgiving through Cyber Monday in the United States, but lower than last year's record of 200.4 million, an annual survey by the National Retail Federation or NRF shows. However, Black Friday shoppers grew from last year, and remained the most popular day for...
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Zalando at share high since May 2023
Zalando shares became the biggest DAX winner on Wednesday. After a flat start, they moved into positive territory and increased their gains to almost six percent by lunchtime. At 32.60 euros, they reached their highest level since May 2023. With an annual increase that has now grown to more than half, Zalando shares have built up a comfortable...
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Germany: Strongest decline in retail sales in two years
The reluctance of many consumers to buy is slowing down retail before the start of the important Christmas business. In October, sales fell compared to September, both in nominal terms (-1.1 percent) and in price-adjusted terms (-1.5 percent). Adjusted for prices, the decline was the sharpest since autumn 2022. This means that the recovery from...
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