Before the upcoming holidays promise some tranquil moments, the stress level for many remains high. The demand for timely Christmas deliveries puts retailers and delivery services companies under strain, while shoppers are rummaging the shops until the last day. Uncertain future prospects keep Bellamy's and Sir Philip Green in suspense. Find out about these stories and more. Enjoy the read!
Asia & Australia
Bellamy’s woes stretch The Australian infant formula group requested an extension in its trading suspension until mid-January as it assesses the dimensions of its sales problems in the important Chinese market. Dairy companies a2 Milk and Bega Cheese swiftly assured investors they could cope with a Bellamy’s failure.
Deterrent fine proposed New government proposals suggest a fine of about GBP 1 billion for British business tycoon Sir Philip Green, three times the GBP 350 million that he has reportedly been asked to contribute to the BHS retirement fund shortfall.
Africa & USA
Coca-Cola in control The beverage giant will buy a 54.5% stake in Coca-Cola Beverages Africa, the company’s largest African bottling business, from AB InBev for US$ 3.15 billion. Eventually, Coca-Cola plans to refranchise the operations to other partners.
Timely shopping While British grocer Sainsbury's still expects this Friday to be the busiest day of the year, it has observed that consumers began spreading the cost of their Christmas food shopping across months. A considerable number of consumers will continue shopping online and at the stores until the last minute.