BIC has reported double-digit top-line growth at its Human Expression division for 2022, but margins were under pressure. Human Expression achieved revenue of €839 million ($896 million) for the year, a constant-currency improvement of almost 17%, adjusted to 11.8% on a comparable basis. This was driven by high-single to double-digit increases in all key regions
Despite the challenging times, businesses have looked at India as an attractive, resilient, and cost-effective investment destination, Anshuman Magazine, Chairman CEO - India, South-East Asia, Middle East Africa of CBRE, said.Indian economy is likely to remain a key driver of global growth in 2023, he said.Investment activity in real estate surged to an all-time high in 2022, with Mumbai, Delhi-NCR, cumulatively accounting for 56 per cent of the investments in 2022.
Japanese reseller Askul has made an acquisition as part of its expansion into the medical vertical. The company has bought an 85% stake in AP67, a group that owns dental mail order supplier FEED. The purchase price was not disclosed. Buoyed by the surge in online sales during COVID, in the 12 months to 31
Healthy top-line growth could not prevent Canon’s Printing business from reporting a mid-single-digit decline in operating profit in 2022. The OEM’s Printing unit achieved 2022 revenue of around ¥2,300 billion ($18 billion), almost 17% higher than in 2021. The depreciation of the yen (which fell by about 10% against the US dollar during the year)
Newell Brands is to reduce its office staff numbers by 13%. The company has announced a restructuring and savings initiative called Project Phoenix, which aims to save annualised costs of $220-$250 million when fully implemented. The headcount reductions will begin immediately, starting with the US and Canada. The project also includes organisational changes, with Newell’s