Zalando invests in AI

Continued collaboration with OpenAI Berlin-based online retailer Zalando recently reported accelerated sales growth and increased profitability in the second quarter of 2024. At the same time, the company announced that it had invested in new AI-supported offerings. These are intended to make the shopping experience more entertaining. Further investment in AI is also planned for the future. In addition, [...]

Continental: Possible corporate split

Examination of a spin-off of the Automotive sector Continental is considering a corporate split. The automotive supplier announced on Monday that, following a strategic analysis, the Executive Board had decided to examine a spin-off of the Automotive sector. It is possible that the traditional Hanover-based group will then be split into two independent companies. According to the press release, the aim of this is to maximise the value and growth potential of the [...]

Galaxus: New German Headquarters

Online retailer relocates to Hamburg Galaxus, a subsidiary of the Swiss Migros Group, is moving its German headquarters to Hamburg. According to its press release, the online retailer needs more space. Central location Until now, Galaxus has had its German headquarters in the Hamburg district of Altona. From September, the online retailer's German office will be located in the more central district of Hoheluft-Ost. The new office is located [...]

Webasto praises its optimisation programme

Automotive supplier with improved business situation in the first half of 2024 Automotive supplier Webasto recently reported an improved business situation in the first half of 2024. According to its press release, the Stockdorf-based company was able to significantly reduce its expenses and substantially increase its earnings. According to Webasto, this was achieved as part of a programme launched at the beginning of the year to [...]

Mahle: Products for climate change in the transport sector

Announcement regarding IAA Transportation in September The automotive supplier Mahle has recently revealed a little about its presentation at the upcoming IAA Transportation. The commercial vehicle trade fair will take place in Hanover from 17 to 22 September 2024. There, according to its press release, Mahle will present its systemic approach for fuel cell trucks. The technology company also promises an evaporative cooling system for further world premieres […]

Lindt & Sprüngli benefits from efficiency and price increases

Price increases offset rising cocoa prices. The chocolate manufacturer Lindt & Sprüngli recently reported robust sales and profit growth in the first half of 2024. Accordingly, the group's sales in the first half of this year rose organically by 7 percent to 2.16 billion Swiss francs. Price increases in the mid-single-digit range, according to the company, were helpful for the sales growth [...]

ZF optimises its structures

Significant cutbacks and job losses ZF Friedrichshafen AG intends to boost its competitiveness. Likewise, the company is trying to take into account the changes in the mobility sector, particularly in electromobility. This is according to a recent press release from ZF. In it, the long-established automotive supplier reports on the realignment of its structures. Location networks One goal mentioned is the […]

Kaufland: Larger vegan range

Plant-based alternatives as part of the sustainability strategy The retail chain Kaufland has expanded the vegan range of its own brand K-take it veggie. According to the company, there are now around 20 percent more products under this brand. Customers will now be able to choose from over 100 items from the K-take it veggie brand. As reported by the Schwarz Group [...]

Bosch: Largest acquisition in the company's history

Acquisition of air conditioning and heating manufacturer JCH This week on Tuesday, the Bosch Group published its plan to acquire Johnson Controls' global heating, ventilation, and air conditioning solutions business for residential and small commercial buildings. In connection with this, Bosch is also purchasing Johnson Controls-Hitachi Air Conditioning (JCH). JCH is a joint venture between Johnson Controls and Hitachi. As [...]

Theo Müller invests in Aretsried

Production building for yoghurt in jars The Theo Müller group of companies is building a new production building in Aretsried, Swabia. The Alois Müller GmbH dairy, which belongs to the group, is located in this town. According to a press release from Theo Müller, the new plant is intended to significantly expand production capacities for yoghurt. The building, covering approximately 4,500 square metres, [...]