Kimberly-Clark is weighing the sale of its European tissue business. Meanwhile, Papa John’s continues to make headlines as reports of a ‘bro’ culture perpetuated by the founder, manifests in misogyny against some female employees of the pizza chain. On the other hand, Starbucks is showing its commitment to inclusiveness, with the opening of a ‘signing’ coffee shop staffed by deaf people. Enjoy the read.




Friday, 20 July 2018





Hello ,

Kimberly-Clark is weighing the sale of its European tissue business. Meanwhile, Papa John’s continues to make headlines as reports of a ‘bro’ culture perpetuated by the founder, manifests in misogyny against some female employees of the pizza chain. On the other hand, Starbucks is showing its commitment to inclusiveness, with the opening of a ‘signing’ coffee shop staffed by deaf people. Enjoy the read.




America


Tissue transaction ▪ The maker of Kleenex tissues and Huggies diapers is reportedly exploring a sale of its European tissue business as it tries to slash costs and combat slowing sales by exiting less profitable areas.



Hot mess ▪ The drama surrounding Papa John’s continues to grow amid accusations of extortion and blackmail of founder John Schnatter for USD 6 million. The reputation of the pizza chain is also in question as allegations of a ‘toxic culture’ against female employees emerge.



Sales boosts ▪ Microsoft has seen a surge in its quarterly profits to USD 8.9 billion, following its attempts to take on Amazon as a major cloud computing provider for retailers. Meanwhile, Amazon itself has seen a swell in sales in the online grocery sector, where the global giant boasts an 18% market share, the largest share of any single retailer.



Sign of the times ▪ Starbucks is taking ground-breaking new steps in its plans to be more inclusive, with the opening of a store in Washington DC that targets the deaf. The ‘signing store’ will be staffed by largely deaf employees and all who work there will be required to use sign language.




Europe


Top and bottom ▪ Aldi has come up trumps in a sustainability report which highlights the German discounter’s commitment to organic products, animal welfare and reusability. Meanwhile, rival supermarket Lidl has come in last in a survey of the 10 biggest UK supermarkets for recyclable packaging of its own-brand items.



Teaming up ▪ Portuguese hypermarket chain Continente has made a move into the home delivery market as part of a partnership with delivery company SendEAT. With pilot-runs kicking off in Porto, they are promising delivery of times of less than 40 minutes.



Trashing products ▪ Luxury fashion house Burbery destroyed GBP 28.6 million in goods last year, a move that has been heavily questioned at its annual meeting. Other luxury brands have also admitted to the wasteful practice, claiming it is necessary to avoid products being discounted and losing their prestige.




Asia & Australasia


Alibaba acquires ▪ The Chinese powerhouse is set to obtain a minority stake in China’s Focus Media Information Technology, as it sets its sights on the digital marketing sector. The total investment will be USD 2.2 billion, giving the e-commerce behemoth a 10.3% share in the company.



In the red ▪ The financial woes of Australian department store David Jones have reflected badly on South African parent company Woolworths, who has reported its first annual loss in 21 years.




Weekend reading


Work-life balance ▪ A New Zealand company who trialled a four-day working week has hailed it as an ‘unmitigated success’. The reduced hours for the same pay resulted in increased productivity and feelings of empowerment among staff, as well as a decrease in stress levels.



One to watch ▪ India is pursuing innovation with gusto and has reported a 12-fold increase in the number of start-ups in the country, as well as a record number of patents being granted. The news isn’t so great if you are a female go-getter in the South Asian country, with only two Indian cities making it onto a list of the top cities in the world for female entrepreneurs.