Russia approves deal for Hugo Boss to sell Russian business

The German fashion house will reportedly sell its Russian business to retailer Stockmann

Heineken sticks to profit forecast as beer sales rise

World’s second-largest brewer says beer volumes rose 4.7% in the January-March period

CHRIS GILMOUR: Food division is cooking, but no clear direction for Woolworths

It needs to show it can move to the next level locally — and there are few signs this is happening

Gucci-owner Kering forecasts up to 45% drop in profit

Sales for the three months ending in March were down 10% on a comparable basis at €4.5bn

Asda’s earnings soar to more than £1bn

However, growth slowed in the fourth quarter to 2.2% and monthly industry data has consistently shown Asda underperforming its bigger rivals

Oceana first-half earnings to almost double

Strong first-half performance is mainly attributable to Daybrook’s higher fishmeal and fish oil sales volumes

SuperDry plans to go private as it kicks off rescue plan

UK fashion chain warns of administration if turnaround plan fails to be implemented

Tiger shakes up offerings for cash-strapped consumers

CEO Tjaart Kruger says group is restructuring into a ‘leaner and meaner’ machine

Nu-World earnings dip as SA sales face pressure

Margins locally fell due to rising cost pressures, high interest rates, high shipping costs, decline of the rand, load-shedding and fuel costs

Tesco looks to a further profit rise

British supermarket group sees early signs of improving consumer sentiment

CHRIS GILMOUR: Chocolate lovers will find El Niño’s effects hard to swallow

The double whammy of the weather pattern and climate change has devastated cocoa production

Amazon and Temu’s differing takes on online Polish retail

The two see opportunities in Poland and Eastern Europe as a whole, where growth rates are set to outpace those of more mature Western markets

NEWS ANALYSIS: Spar really should stick to eating at home

Grocer arguably needs offshore earnings to service its hefty euro-denominated debt, but its core — and biggest — business is in SA

Kering buys building in Milan for €1.3bn

Kering says the investment is part of the luxury group’s selective real estate strategy

Woolworths completes acquisition of Absolute Pets

The high-end food and clothes retailer​​ believes pet care is a fast-growing market with ‘substantial growth potential’