Companies

Esprit Files for Bankruptcy in Europe, Closing Stores Across Multiple Countries

July 23, 2024

Esprit Files for Bankruptcy in Europe, Closing Stores Across Multiple Countries

Esprit Holdings' European division has filed for bankruptcy, affecting stores in the Netherlands, Spain, France, Belgium, and Luxembourg, as the company shifts focus to its Asian markets and online sales.

Spotify's Price Hikes Fuel Record Profits, But User Growth Misses Target

July 23, 2024

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Spotify's Price Hikes Fuel Record Profits, But User Growth Misses Target

Spotify's second-quarter 2024 financial results reveal record profits, driven by increased subscription fees and a rise in paid subscribers, although the company fell short of its monthly active user growth expectations.

Boots Accelerates Store Closures, Aims to Shut 300 by Summer's End

July 22, 2024

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Boots Accelerates Store Closures, Aims to Shut 300 by Summer's End

Boots, the UK high street pharmacy chain, is set to close 300 stores by the end of summer 2024 as part of a cost-cutting strategy initiated by its parent company, Walgreens Boots Alliance.

Stadler Wins €4 Billion Tram Deal, Securing Future of Valencia Plant

July 19, 2024

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Stadler Wins €4 Billion Tram Deal, Securing Future of Valencia Plant

Stadler's Valencia plant has secured a landmark contract, one of the largest rail tenders in Europe, to manufacture 504 trams for a consortium of six German and Austrian operators. The €4 billion deal guarantees job stability for the plant's 2,200 workers for nine years and solidifies its position as a leading tram manufacturer in the European market

Iconic HSBC Tower in Canary Wharf to be Transformed into Mixed-Use Building

July 18, 2024

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Iconic HSBC Tower in Canary Wharf to be Transformed into Mixed-Use Building

The iconic HSBC tower in Canary Wharf will undergo a major transformation, estimated to cost between £400m and £800m, into a mixed-use building featuring terraces, leisure facilities, and a public viewing gallery, after the bank vacates the premises in 2027.

Carrefour Shuts Nearly 100 Stores, Cuts 900 Jobs in Poland

July 17, 2024

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Carrefour Shuts Nearly 100 Stores, Cuts 900 Jobs in Poland

Carrefour is downsizing its operations in Poland, closing stores and laying off workers, due to the increasing dominance of discount stores in the market.

Uber Expands Boat Services Across Europe This Summer

July 16, 2024

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Uber Expands Boat Services Across Europe This Summer

Uber is expanding its boat services in Europe this summer with options ranging from on-demand water taxis in Venice to luxury yacht rentals in Ibiza, responding to increased demand in popular tourist destinations.

Italy's Railway Expands into Germany Following Success in France and Spain

July 16, 2024

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Italy's Railway Expands into Germany Following Success in France and Spain

Italy's state railway, Ferrovie dello Stato (FS), will expand into Germany, starting with regional and freight transport and later introducing intercity services. FS plans to run its Frecciarossa high-speed trains between Milan and Munich by 2026, aiming to extend routes to Berlin.