BERLIN Lufthansa is in advanced talks over a 9 billion euros ($9.9 billion) state bailout that would see Germany take a 20% stake in its flagship airline, as countries battle to save an aviation industry hammered by the coronavirus pandemic. | Video
Coty Inc is selling a majority stake in its hair and nail care business to U.S. buyout firm KKR & Co Inc for $3 billion in cash, well below what it was valued before the coronavirus pandemic ravaged the beauty business.
BERLIN, May 11 German consumer goods group
Henkel said on Monday it is launching more
hygiene-related products in response to the coronavirus pandemic
after it reported a big jump in first-quarter sales of
detergents, soap and household cleaners.
BERLIN Retailers selling fashion online are emerging as the winners of the coronavirus crisis as consumers are staying home even as stores start to reopen, results from major companies showed on Thursday.
BERLIN Puma expects its second-quarter results will be worse than the first as so many stores are closed in coronavirus lockdowns, but the German sportswear firm is optimistic sales will bounce back as the crisis has led more people to exercise.
BERLIN, May 7 Puma expects its
second-quarter results will be worse than the first as so many
stores are closed in coronavirus lockdowns, but the German
sportswear firm is optimistic sales will bounce back as the
crisis has led more people to exercise.
BERLIN Nivea-maker Beiersdorf said on Tuesday its La Prairie premium skincare brand and sun care products have been hit by the drop in international travel due to the coronavirus pandemic while sales of hand wash, hand creams and plasters jumped.
* Shares drop 2.7% in morning trade
(Adds CEO comments, details)
BERLIN Hugo Boss is seeing signs of a sales rebound in China and online, but expects the impact of the coronavirus crisis to worsen before any recovery kicks in after first quarter sales fell by 17%, which knocked its shares.
BERLIN The eyes of the retail world are on Germany, the first major Western economy to start reopening bigger stores.