Bosch with a sharp drop in profits
Economic realities hit technology group Bosch recently presented preliminary business figures for 2024 and reported a difficult development. According to them, sales in 2024 fell nominally by one percent to 90.5 billion euros compared to 2023. The operating EBIT fell to 3.2 percent. In the previous year, according to the 2023 annual report, the group still achieved an operating EBIT [...]
Expensive coffee
Tchibo increases prices on February 17, 2025 The coffee roaster Tchibo has recently announced a price increase for its coffee. The traditional company will raise prices by between 50 cents and €1.00 per 500 grams of roasted coffee, depending on the variety, from February 17. As an example, the coffee provider cites €8.99 as the new price for 500 […]
Intersport reports market share gain
Successes through Omnichannel Strategy and Digitisation of the Value Chain The purchasing cooperative Intersport, which operates in the sports retail sector, has recently announced an increase in market share for Germany. According to its press release, Intersport Germany outperformed the market in the 2023/2024 financial year. The company, with more than 1,400 stores, achieved a turnover of 3.46 billion euros. Difficult market environment „We are […]
Sony expands its partner network
International Strategic Alliances for Professional Display Solutions Sony is continuously strengthening its network of partners for audiovisual technology. As the Japanese technology group reports, its so-called AV Alliance Network grew by 23 new members in 2024. With this, Sony is further expanding its ecosystem around its Bravia Professional Displays, the company writes in a press release. Sony emphasises, […]
Boat Düsseldorf 2025
World's largest yacht and watersports exhibition. The watersports industry is back in Düsseldorf for Boot since Saturday. According to the organiser, Messe Düsseldorf GmbH, visitors can find a wide variety of boats, dinghies, superboats and luxury yachts at the exhibition centre until 26 January. With over 200,000 visitors from more than 100 countries and 1,500 exhibitors in [...]
Stiebel Eltron: Investment in Holzminden
Site expansion for the production of air-to-water heat pump technology Stiebel Eltron plans to expand its Holzminden site for the production of air-to-water heat pump technology. The family-owned company intends to invest up to 72 million euros for this purpose. This investment will be subsidised by a grant of up to 10.8 million euros, Stiebel Eltron announced in its press release. The subsidy comes from [...]
Adidas equips Mercedes Formula 1 team
Multi-year partnership with the Mercedes-AMG PETRONAS F1 Team Sportswear manufacturer Adidas has entered into a new multi-year partnership with the Mercedes-AMG PETRONAS F1 Team. This was announced via a press release published by Mercedes-Benz on its website on January 7, 2025. The partnership is based on a shared commitment to performance and top quality. Collection for team and fans [...]
Merry Christmas and a good start to the new year 2025
Dear readers, the editorial team at Supply Chain News thanks you all for your keen interest, suggestions, and feedback during the past year 2024. The editorial team will be closed for the Christmas break from 20th December 2024. From 6th January 2025, we will be reporting daily on business topics, with a focus on procurement and supply [...]
HUK-Coburg acquires majority stake in Pitstop
Motor insurer buys majority stake in workshop chain The insurance group HUK-Coburg, particularly well known for its car insurance, is taking over the majority stake in the workshop chain Pitstop. To this end, the group subsidiary HUK-Coburg Mobilitätsholding GmbH is increasing its stake in Pitstop.de GmbH, which has existed since 2022, from 25.1 percent to 84.9 percent. According to the HUK-Coburg press release, Bridgestone Europe NV/AS will continue to hold a minority stake […]
S. Oliver with first sustainability report
Overview of the fashion group's sustainability activities The S. Oliver Group published its first sustainability report in the autumn of this year. According to the company's press release, the report relates to the 2023 financial year. It offers a comprehensive overview of the fashion group's sustainability activities. Both significant successes and challenges are to be highlighted. The report also presents […]