The Quality Street plastic tub could be looking at its last Christmas, as brand owner Nestlé tests the reaction of shoppers to a paper container. About 200,000 of the new packs will go on sale in selected Tesco stores from next week (The Guardian).
Ratan Tata, the former Tata Group chairman credited with building the Indian company into a sprawling global conglomerate, has died at the age of 86 (The Times). He was famous for making large acquisitions, including buying the British tea firm Tetley in 2000 (The Guardian). In 2014, Britain awarded Tata an honorary knighthood for his contribution to relations with India, investment in the UK and philanthropy (Financial Times).
Recovering consumer confidence has boosted online shopping in Europe this year, industry group Ecommerce Europe said on Wednesday. Turnover is expected to hit €958bn this year, an 8% increase (Reuters).
Almost a sixth of UK adults are now being forced to skip meals as the cost of living continues to weigh on the general public (Huffpost).
Revolution Beauty shares fell sharply on Wednesday after the cosmetics firm flagged a £11.3m hit to earnings related to the clearance of discontinued stock (Daily Mail).
The outgoing boss of the Post Office, Nick Read, has said he does not need to clear his name following criticism of his leadership over the Horizon IT scandal (Sky News). He claimed he was told not to “dig into the details of the past” when stepping into the CEO role in 2019 (The Standard).
Hospitality chain Marston’s slashed its debt pile by about £300m last year as the result of healthy trade at pubs and the sale of its stake in Carlsberg Marston’s Brewing Company (Daily Mail).
TK Maxx and Homesense have issued an urgent food recall of Chocolate Chip Oatrageous Chewy Granola Bars and Variety Pack Oatrageous Chewy Granola Bars, because they contain milk not mentioned on the label (Express).
The family of LVMH’s Bernard Arnault has teamed up with Red Bull to take over Paris FC in the second tier of French football as the luxury billionaire expands his involvement in sport (Financial Times)
No comments yet