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British retailer M&S said a 'highly sophisticated cyber' attack would cost it about £300 million (€355.98 million) in operating profit, with disruption set to run into July. esmmagazine.com/retail/britain… #UK #retail #food #clothing #cyberattack

Despite a challenging economic climate in 2024, Spanish food distributor Uvesco Group achieved 'record' growth with a 10.6% turnover increase, to €1.19 billion. esmmagazine.com/retail/spains-… #Spain #distribution #retail #grocery

Packaged foods giant The Kraft Heinz Company said it was looking at strategic transactions as consumer demand for its pricey snacks and ready-to-eat meals weakens due to an uncertain economic environment and high inflation. esmmagazine.com/a-brands/kraft… #merger #acqusiition #packagedfood

.Absolut has unveiled a three-bottle collection designed by Tomorrowland's mainstage designers in association with Absolut’s creative team. Pernod Ricard esmmagazine.com/drinks/absolut… #collaboartion #drinks #marketing #partnership Pernod Ricard

🇸🇮 Retail updates from Slovenia: 🛒 Mercator is closing 43 underperforming stores by autumn of this year ✂️ Studenac-owned Kea opens a new store in Radlje ob Dravi ⏸️ REWE Group pauses acquisition of Engrotuš d.d. 🔗 esmmagazine.com/retail/sloveni… #Slovenia #grocery #retail

Fresh-produce firm Greenyard has reported a 5.1% increase in like-for-like sales to €5.3 billion in its full financial year 2024/25, driven by volume growth of 2.9% and price increases of 1.3%. esmmagazine.com/fresh-produce/… #freshproduce #annualreport #frozenvegetables #

.Target slashed its annual sales forecast after posting a sharp fall in quarterly same-store sales, attributing the declines to weakened consumer confidence and a pullback in discretionary spending. esmmagazine.com/retail/target-… #sales #profit #consumerconfidence #UnitedStates

In the current competitive retail landscape, Loql enables supermarket chains to stand out by seamlessly connecting them with a trusted network of producers. esmmagazine.com/supply-chain/u… #supplychain #retail #supermarkets #producers

Environmental factors are increasingly threatening key EU food imports, raising concerns around the bloc’s preparedness and policy response, a new report by Foresight Transitions has revealed. 🔗 esmmagazine.com/supply-chain/e… #imports #supplychain #EU #environment

Nestlé Portugal has opened its first store in the country at its Linda-a-Velha headquarters. 🔗 esmmagazine.com/a-brands/nestl… #Portugal #food #store #retail

European discounter Pepco Group is still exploring options for the separation of its Poundland business in Britain, with an exit expected by September, it said in a statement. esmmagazine.com/retail/dealz-p…

The discount channel is projected to grow by $217 billion (€191.6 billion) globally from 2024 to 2029, making it the fastest-growing physical channel in grocery retail, new research Institute of Grocery Distribution (IGD) showed. esmmagazine.com/retail/discoun… #grocery #discounters #retail #consumertrends

Finnish forestry group Stora Enso said it is divesting 12.4% of its Swedish forest holdings for an enterprise value of €900 million ($1.02 billion). esmmagazine.com/packaging-desi… #Finland #divestiture #packaging

.EuroCommerce, the European retail and wholesale association, considers the European Commission's Single Market Strategy 2025 an 'encouraging' first step that requires stronger conviction and ambition. esmmagazine.com/retail/eu-sing… #EU #singlemarket #wholesale #retail #supplychain

UK retailer Asda is planning the sale and leaseback of 20 supermarkets to fund its turnaround plan, according to media reports. esmmagazine.com/retail/asda-to… #retail #sale #leaseback #supermarkets #turnaroundplan

MC, the food retail unit of Portuguese conglomerate Sonae, saw 7% revenue growth in the first quarter of its 2025 financial year, with like-for-like sales up 5% despite negative calendar effects. esmmagazine.com/retail/portuga… #grocery #sales #profit #retail #Portugal

British food ingredients maker Tate & Lyle has estimated that its full-year revenue growth would be 4% at best, less than last year, as the uncertainty over US tariffs raised costs for the company and its customers. esmmagazine.com/a-brands/uks-t… #foodingredients #US #China

UK retailer Tesco has shuffled its executive management team in the UK and Ireland following the stepping down of UK top boss Matthew Barnes. esmmagazine.com/retail/tesco-s… #UK #grocery #leadership #appointment #management

The Korea Agro-Fisheries & Food Trade Corporation (aT) has announced details about the forthcoming K-Food Fair - a meeting place for Korean food exporters and European buyers, taking place in Frankfurt on 23 and 24 June. esmmagazine.com/retail/discove… #tradeshow #food #exports

US retail bellwether Walmart is planning to cut about 1,500 jobs as part of a restructuring push to lower expenses and simplify operations, according to a memo seen by Reuters. esmmagazine.com/retail/walmart… #restructuring #US #retail #jobcuts