THE WHAT? Beiersdorf delivered first-quarter results in line with expectations, with overall sales declining amid mixed brand performance.
THE DETAILS Group organic sales fell 4.6% to €2.5 billion, with the Consumer division down 4.7%. Performance varied across brands: Derma grew 8.2%, driven by Eucerin and Aquaphor, while NIVEA declined 7.0% as it undergoes a rebalancing strategy. La...
In Brussels, the word of the moment is ‘competitiveness.’ It is repeated in corridors, speeches, and strategic documents. But the reality—whether one likes it or not—is that the much-vaunted single market does not truly exist. Europe speaks of a single market, yet, in practice, it still operates as 27 different markets.
Matthias Bauer, economist at the European...