Tönnies buys parts of Vion
Takeover of the majority of the German beef business The Tönnies Group is taking over part of the German activities of the Dutch Vion Food Group. According to Vion, the two companies have signed a preliminary agreement for the purchase of the majority of Vion's beef activities in Germany. Vion itself announced in January of this year that it would be reviewing its German business. The planned […]
Coolblue grows in Germany
Online retailer invests €150 million Dutch online retailer Coolblue, which specialises in consumer electronics, recently announced accelerated growth in Germany. The company, which also operates physical stores, will open 36 stores and nine delivery depots in Germany, according to its press release. This is planned to happen within the coming years. The company is also reportedly working intensively on [...]
Daimler Truck: New Chairwoman of the Board of Management
Successor to Martin Daum At Daimler Truck Holding AG, Karin Rådström will succeed the current CEO Martin Daum. The Supervisory Board has appointed Rådström as the new Chief Executive Officer until 31 January 2029. Rådström will assume this position on 1 October this year. Martin Daum will remain an ordinary board member for the [...] until 31 December.
Aerzener Maschinenfabrik at the SMM 2024
International Maritime Industry Trade Fair Aerzener Maschinenfabrik is exhibiting in Hamburg at the world's largest shipbuilding trade fair. The SMM (Shipbuilding, Machinery and Marine Technology Trade Fair) started on Wednesday and runs until Friday, 6th September. According to its press release, the supplier of blower and compressor solutions is primarily focusing there on […]
Lufthansa Cargo: Sustainable organisation of air freight
Commissioning of the 18th long-haul freighter One of the world's leading air cargo transport companies, Lufthansa Cargo, commissioned its 18th long-haul freighter on 17th August 2024. This belongs to the „B777 freighter“ fleet. According to the company, the freighter comes from the Boeing plant in Everett, USA. It has now become the largest hub for the [...]
Change of boss at Nestlé
Mark Schneider to leave world's largest food company Nestlé's top job will be reassigned at short notice. As the world's largest food company announced on Thursday, the current Chief Executive Officer (CEO), Mark Schneider, will be leaving the company. In light of this, Nestlé's Board of Directors has appointed Laurent Freixe as the new Chief Executive Officer, effective 1 September. […]
Rescue from Varta
Sports car manufacturer Porsche will spin off its lithium-ion round cell division. Varta AG has agreed on a restructuring plan with its financial creditors and strategic investors. The struggling battery manufacturer announced this last Saturday via a press release. Initially, there will be a debt haircut, which will reduce existing financial liabilities by more than half to €200 million in the future [...]
Otto: Mail order for 75 years
Hamburg-based retail group celebrates its birthday The online shop Otto celebrated its birthday at the weekend. As the long-established company announced on Friday, Otto turned 75 on Saturday 17 August 2024. To mark this anniversary, Otto is organising numerous campaigns over the coming weeks. Catalogue mail order company, online shop, platform In its press release, Otto, today the largest German online shop and part [...]
Modern and sustainable logistics technologies at Würth Industrial Park
Expansion of the logistics centre: Automated high-bay warehouse Würth Industrie Service GmbH & Co. KG has expanded its logistics centre in Bad Mergentheim with an automated high-bay warehouse. According to the company, this project represents an important milestone in the 25-year history of the company. The Würth Industrial Park is one of the most modern logistics centres in Europe. Every day, around 20,000 customers [...]
Porsche SE: New investment in Flix
Investment in mobility platform together with Kühne Holding and EQT Porsche Automobil Holding SE (Porsche SE) is investing in Flix SE. According to Porsche SE, it is investing an amount in the low double-digit million euro range. Specifically, Porsche SE is investing in the mobility service provider, which is particularly well known for its Flixbuses, via an EQT fund. As [...]