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Danone is making a two-pronged move in Australia: the FMCG group is acquiring Made Group, an Australian producer of coconut yogurt and smoothies, while simultaneously purchasing the remaining half of its joint venture with Saputo Dairy.

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Following the management buyout, LolaLiza has not only new owners but also new ambitions. In Belgium, management sees potential in 15 additional regions. The chain also plans to make new inroads in France, the Netherlands, and Germany.

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El Corte Inglés is changing CEOs yet again: the board of directors unanimously appointed Javier Catena as CEO, while Santiago Bau is leaving the company after just eight months. Catena will be the seventh CEO of the Spanish department store chain in just a few years.

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Maisons du Monde posted a net loss of 406 million euros last fiscal year, while revenue fell by 5%. To avoid a court-supervised restructuring, management is putting together a rescue plan with two British investors. However, that too will have a major impact.

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The British supermarket chain Asda posted a loss of nearly 1 billion pounds (1.15 billion euros) in the past fiscal year. The loss is partly due to price cuts aimed at winning back customers.

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