Articles by DPA
Lidl and Kaufland grow: More stores, more investments
Retail chains Lidl and Kaufland opened several new stores. In financial year 2024/25, around 300 new locations were added worldwide, as announced by the Schwarz Group, to which the companies belong. This continues the expansion. In recent years, Lidl and Kaufland had steadily expanded their store network. In total, they now operate around 14,200...
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European Commission proposes regulatory relief for mid-sized businesses
Medium-sized companies are to be exempted from several EU requirements, according to a proposal by the European Commission. Among other things, this concerns exemptions under the General Data Protection Regulation and simplified regulations, which are intended to make stock exchange listings easier and less expensive, as the authority announced....
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JD Sports fashion annual profit down, but revenue increases
JD Sports Fashion PLC (JD.L), a retailer of sports, fashion and outdoor brands, Wednesday reported profit before tax of 715 million pounds for the full year, lower than 811 million pounds in the previous year. Excluding one-time items, adjusted profit before tax decreased to 923 million pounds from 966 million pounds last year. Operating profit...
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New documentary explores the life and legacy of Karl Lagerfeld
Paris (dpa) - If anyone understands the craft - or rather, the art - of documentary filmmaking and celebrity portraits, it’s Gero von Boehm. In a small but sophisticated film, the 71 year old now gets to the bottom of the man, myth and fashion designer Karl Lagerfeld (1933-2019). ‘karl - the man behind the mask’ (60 minutes) was broadcast on...
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Garments of Princess Diana to be auctioned
Los Angeles (dpa) - A bright red ski suit, an elegant evening gown, a pink hat: numerous gowns and other memorabilia belonging to Princess Diana (1961-1997) are to be auctioned in Beverly Hills, California, at the end of June. Highlights of the auction include a cream-coloured evening gown by designer Catherine Walker from 1986 (estimated price...
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Adidas chairman Rabe allowed to continue for another year
Bertelsmann media group's chief executive officer, Thomas Rabe, can continue as chairman of the supervisory board of German sportswear manufacturer Adidas for another year, despite strong opposition from shareholders. At the annual general meeting in Fürth, Rabe received only 64.4 percent of the votes from Adidas shareholders. However, the...
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Richemont increases revenue: Sale of YNAP not quite as burdensome
Jewellery and watch group Richemont increased its revenue in the past financial year. While the jewellery business grew, watch sales continued to decline, the company, which owns brands such as Cartier and IWC, announced in Geneva on Friday. Excluding the online division YNAP, which it sold, revenue in the financial year to the end of March rose...
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B&M European Value Retail names Tjeerd Jegen CEO
B&M European Value Retail S.A. (BME.L) announced that it has appointed Tjeerd Jegen as Chief Executive Officer. Tjeerd will take over from Mike Schmidt, currently interim Chief Executive Officer on 16th June 2025. Tjeerd has over 25 years of experience in retail, holding leadership positions at well-known companies like Ahold Delhaize, Metro,...
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US inflation falls unexpectedly
Inflation in the US unexpectedly weakened further. Consumer prices in April rose 2.3 percent year-on-year, according to the Labour Department in Washington. In March, the inflation rate was 2.4 percent. This is the third consecutive decline in inflation, after it started the year at 3.0 percent in January. Economists had expected stagnation in...
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Trump maringally lowers US tariff barrier for Temu and co.
Even after the temporary easing of the trade dispute, Donald Trump continued to make business difficult in the US for Chinese online retailers like Temu and Shein. Until recently, they benefited from the fact that goods deliveries with a value of less than 800 dollars were exempt from tariffs. Since the beginning of May, however, a tariff of 120...
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