Latest news with #TristanVeyet


Business of Fashion
4 days ago
- Business
- Business of Fashion
Online Retailer Zalando Raises 2025 Guidance After About You Acquisition
German online fashion marketplace Zalando raised its 2025 guidance on Tuesday after adjusting its projections to include newly acquired About You. The Berlin-based company said it expected gross merchandise volumes to grow by 12-15 percent, up from a previously expected range of 4-9 percent. Zalando is investing heavily in its European logistics network, which it has also opened up to partners as it seeks to drive growth amid faltering consumer spending and competition from fast-fashion retailers such as Chinese rival Shein. The About You acquisition was completed in early July, valuing Zalando's smaller rival at €1.13 billion ($1.31 billion). The company also said it achieved second-quarter gross merchandise volumes of €4.06 billion, up from €3.86 billion a year earlier. By Tristan Veyet; Editor: David Goodman Learn more: Zalando to Buy German E-Commerce Player About You for $1.3 Billion Berlin-based Zalando said Wednesday it will offer €6.50 per share for rival e-tailer About You, a 67 percent to Tuesday's closing price.


Reuters
08-05-2025
- Business
- Reuters
German exports rise by 1.1% m/m in March
A container ship is seen at the loading terminal "Altenwerder" in the port of Hamburg, Germany, February 17, 2025. REUTERS/Fabian Bimmer/File Photo Purchase Licensing Rights , opens new tab May 8 (Reuters) - German exports rose by 1.1% in March compared with the previous month, data from the federal statistics office showed on Thursday. The result compared with a forecast 1.0% increase in a Reuters poll. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. The statistics office publishes more detailed economic data on its website , opens new tab Reporting by Tristan Veyet in Gdansk, editing by Thomas Seythal Our Standards: The Thomson Reuters Trust Principles. , opens new tab Share X Facebook Linkedin Email Link Purchase Licensing Rights
Yahoo
08-05-2025
- Business
- Yahoo
German exports rise by 1.1% m
(Reuters) -German exports rose by 1.1% in March compared with the previous month, data from the federal statistics office showed on Thursday. The result compared with a forecast 1.0% increase in a Reuters poll. The statistics office publishes more detailed economic data on its website. (Reporting by Tristan Veyet in Gdansk, editing by Thomas Seythal)


The Star
23-04-2025
- Business
- The Star
Delivery Hero to exit Thailand
FILE PHOTO: Cyclists drive past an advertisement promoting the grocery delivery company "foodpanda", in Berlin, Germany, August 13, 2021. Picture taken August 13, 2021. REUTERS/Christian Mang/File Photo (Reuters) - Delivery Hero's Asia-based business foodpanda is to stop operating its platform in Thailand on May 23, the German food delivery firm said on Wednesday. "Delivery Hero will continue concentrating efforts in other parts of APAC where the Group sees greater return," the firm added. The company's regional team, which is based in Thailand, will continue operations as usual, the company said. (Reporting by Tristan Veyet in Gdansk, editing by Miranda Murray)


Reuters
11-04-2025
- Business
- Reuters
Steel-maker Salzgitter ends takeover talks with consortium
April 11 (Reuters) - German steel producer Salzgitter ( opens new tab has ended talks with a bidding consortium on a possible takeover, it said on Friday, citing differing views on the company's current and future value. The bidding consortium, comprising Salzgitter's second-largest shareholder GP Günter Papenburg and TSR Recycling, was considering a takeover of the German steelmaker and had offered around 18.50 euros ($20.87) per share. Also in its statement on Friday, Salzgitter said it had increased a cost-cutting goal to 500 million euros, double a previous target of 250 million, and that it had achieved 130 million euros by the end of 2024. For the future, it predicted demand for steel would increase. "It can also be assumed that the incoming German government's planned economic policy measures in the areas of climate protection, infrastructure, and defence will have a positive impact in the coming years," it said. ($1 = 0.8834 euros) Reporting by Tristan Veyet in Gdansk; editing by Barbara Lewis Our Standards: The Thomson Reuters Trust Principles., opens new tab Suggested Topics: Deals