Shoppers face paying more for a loaf of bread and a kilogram of flour amid predictions of the worst wheat harvest for 40 years (The Times £).
Restaurants are extending their offer of discounted meals in the government’s eat out to help out scheme after it ends on 31 August because of its popularity with diners, although the eateries will have to cover the costs themselves. In September, consumers will be able to take advantage of reduced prices at nationwide chains including Harvester, Toby Carvery, Tesco Café, Bill’s and Pizza Hut (The Guardian).
Wahaca, the Mexican restaurant chain set up by Masterchef winner Thomasina Miers, is set to shut more than a third of its sites in a bid to shore up cash (The Telegraph).
Consumers stay closer to home after bruising year for retail, says The Telegraph in part four of its 10-part New Normal series looking at looking at the dramatic ramifications for the world of economics and business of the Covid-19 crisis. Part four examines the impact on the high street.
The German food ordering group Delivery Hero has acquired the Dubai-based groceries app InstaShop for $360m, as it seeks to further benefit from the boom in online shopping due to Covid-19 lockdowns (The Financial Times £).
The Hut Group is expected to pull the trigger today on a £4.5bn stock market listing that could put the online retailer’s founder in line for one of the largest windfalls in corporate history and promises to create hundreds of British millionaires overnight (The Times £).
The Manchester-based group, whose brands include Espa skincare and Christophe Robin hair products, has expanded in the 16 years since it was founded to generate annual sales from £1m in 2004 to £1.14bn last year (The Financial Times £).
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