Henkel divests American business units
Sale of private label business in North America The consumer goods and chemicals group Henkel is selling its private label business in North America to a subsidiary of First Quality Enterprises, LLC, based in Great Neck, New York. Henkel recently announced that an agreement has been signed to this effect. According to Henkel, the sale will take place as part of the [...]
Medium-sized company Cleanfix conquers India - 10 lessons for Western companies
The Swiss cleaning machine manufacturer Cleanfix has set up a new assembly plant in India. Cleanfix was supported by an expert team of engineers, supply chain specialists and purchasers from Project Professionals and Kloepfel Services. The consultants derived 10 valuable lessons for other SMEs from the project. Why India? Cleanfix, known for robust and innovative cleaning machines, has chosen India [...]
Bosch with sharp drop in profits
Meeting economic realities Technology group Bosch recently presented preliminary business figures for 2024 and reported on a difficult development. According to the figures, nominal sales in 2024 fell by one percent to 90.5 billion euros compared to 2023. Operating EBIT fell to 3.2 percent. According to the 2023 annual report, the Group achieved an operating EBIT of [...]
Expensive coffee
Tchibo increases prices as of February 17, 2025 The coffee roaster Tchibo recently announced that it will increase its coffee prices. From February 17, the long-established company will increase prices by between 50 cents and 1.00 euro per 500 grams of roasted coffee, depending on the variety. As an example, the coffee supplier quotes 8.99 euros as the new price for 500 [...]
Intersport reports increase in market share
Success through omnichannel strategy and digitalization of the value chain The sports retail group Intersport recently announced a gain in market share for Germany. According to its press release, Intersport Germany outperformed the market in the 2023/2024 financial year. The company generated sales of 3.46 billion euros with more than 1,400 stores. Difficult market environment "We are [...]
Sony expands its partner network
International strategic alliances for professional display solutions Sony is continuously strengthening its partner network for audiovisual technology. The Japanese technology group reports that its AV Alliance Network grew by 23 new members in 2024. Sony is thus further expanding its ecosystem around its Bravia Professional Displays, the company writes in a press release. Sony emphasizes, [...]
Boat Düsseldorf 2025
The world's largest yacht and water sports fair The water sports industry has been meeting again in Düsseldorf for Boot since Saturday. According to the organizer, Messe Düsseldorf GmbH, visitors will find a wide variety of boats, dinghies, superboats and luxury yachts on the exhibition grounds until 26 January. With over 200,000 visitors from more than 100 countries and 1,500 exhibitors at [...]
Stiebel Eltron: Investment in Holzminden
Site expansion for the production of air-to-water heat pump technology Stiebel Eltron is planning 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 subsidized with a grant of up to 10.8 million euros, writes Stiebel Eltron in its press release. The funding comes [...]
Adidas equips Mercedes Formula 1 team
Multi-year partnership with the Mercedes-AMG PETRONAS F1 Team The sporting goods manufacturer Adidas has entered into a new multi-year partnership with the Mercedes-AMG PETRONAS F1 Team. This was announced in 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 of Supply Chain News would like to thank you all for your keen interest, suggestions and feedback in the past year 2024. The editorial team will be taking a company vacation from December 20, 2024. From January 6, 2025, we will once again be reporting daily on business topics with a focus on purchasing and supply [...]