Profits at corrugated specialist DS Smith have risen in the first half of the financial year. Pre-tax profit is up 45% to £123m while operating profit has risen 10% to £176m However, there was a 5% dip in revenue to ...
Tags: Profit, financial targets, Packaging
Ratos has signed an agreement to acquire approximately 67% of the shares in the Finnish LED optics company Ledil Oy from the company's founders. The purchase price (enterprise value) for 100% of the company amounts to EUR 97m, of which ...
Tags: LED lighting, LED optics company, Lights
Rémy Cointreau Group achieved consolidated sales of €471.8m for the first six months to 30 September 2014. The trend for the period (an organic(**)decline of 5.6%) thus showed some improvement compared with the 2013/14 fiscal ...
Tags: Liqueurs, Spirits, Agriculture
Fiat Chrysler Automobiles (FCA) is expecting a drop of its net industrial debt by €715m if the Ferrari unit is spun off by the company. Reuters cited FCA's previous filing with the US market regulator SEC stating that it would ...
Tags: industrial debt, Ferrari, Auto
For the 28 week period to October 1, 2014, UK based babycare retailer, Mothercare reported pretax profits as against a loss in the comparable first half of 2013-14. Mothercare delivered reported profit before tax of £5.5 million in ...
Tags: babycare retailer, pretax profits, Apparel
Perry Ellis International reported sales declined 5.3 percent in the third quarter to $203.3 million, but managed to cut its loss in the period to $437,000, or 3 cents a share, from $3.0 million, or 20 cents, a year ago. Executives said ...
Aussie apparel and footwear marketer, Pacific Brands said it has entered into three unconditional agreements to sell its Brand Collective business in the footwear, apparel and sport categories. “Gross proceeds from the transactions ...
Tags: Aussie apparel, footwear marketer, Apparel
BRF ended the third quarter of 2014 with net income of R$ 624 million, an increase of 117.5% over 3Q13. This performance arose from the management techniques and processes that have been implemented over the last year and highlight the ...
Tags: Brazilian operations, Net Operating Revenues, Agriculture
Germany based apparel marketer, Tom Tailor Group posted a smart turnaround in its net income, which slipped into black for the first time in two years, in the first nine months of 2014. For the first time in two years, Tom Tailor Group ...
Tags: apparel marketer, retail sale, Apparel
Among many measures, a mix enrichment improvement, helped NYSE-listed and a producer of recycled yarns – Unifi Inc post a 3.3% hike in sales in first fiscal quarter ended September 28, 2014. In its preliminary operating results for ...
Amer Sports reported net sales of €645.8 million ($856 mm) for the quarter ended Sept. 30, up 6.1 percent compared with €608.9 million a year earlier. Net sales increased by 6.0 percent in currency-nuetral terms. The Finnish ...
Tags: Amer Sports, Softgoods, Footwear
Weak retail traffic and ramped-up discounts to clear merchandise, once again hit profits at denim jeans marketer - Levi Strauss & Co for the third fiscal quarter ended August 24, 2014. In the third fiscal quarter, Levis posted profit of ...
Tags: denim jeans, Levis
In its interim results for the first six months ending July 31, 2014, UK-based fashion retailer NEXT said it had a good first half, achieving sales and profits ahead of its original expectations. Led primarily by retail stores sales ...
Tags: Apparel, Fashion Apparel
Heineken has sold its Mexican packaging business Empaque to Crown Holdings for $1.225bn, in a bid to reduce its net debt by the end of this year. The company said the proceeds from the sale will be used to reach the target of bringing ...
Tags: Heineken, packaging business
In its financial results according to international financial reporting standards (IFRS) for the second quarter of the current year, the net income of Russian pipemaker TMK totaled $60 million compared to a net loss of $16 million in the ...
Tags: TMK, Revenues, Metallurgy