Share prices and lowered forecasts are dominating the headlines today with Metro, Starbucks and Canada Goose all suffering stock drops. In more positive news, there are some inspiring new dining concepts in Las Vegas and New York that are sure to leave you salivating. Enjoy the read and have a great weekend.




Friday, 14 December 2018





Hello ,

Share prices and lowered forecasts are dominating the headlines today with Metro, Starbucks and Canada Goose all suffering stock drops. In more positive news, there are some inspiring new dining concepts in Las Vegas and New York that are sure to leave you salivating. Enjoy the read and have a great weekend.

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US & Canada


Legal matters ▪ New York is suing Target, Walmart and LaRose Industries for marketing and selling lead-contaminated children's toys in 2015-2016. The 'Cra-Z-Jewelz' jewellery making kits had lead levels 10 times higher than the accepted limit. The products were recalled immediately by both retailers at the time.



Mutual separation ▪ Instacart and Amazon-owned Whole Foods are going their separate ways, ending a partnership that has been fraught with tension since the online powerhouse acquired the grocer last year. Meanwhile, Amazon has sparked rumours that they are preparing to launch their own brand toys.



Shares dive ▪ Coffee giant Starbucks has decreased the estimate for its long-term earnings, sending its shares tumbling. Meanwhile, Canada Goose shares have plummeted 20% with the retailer facing a boycott campaign against Canadian companies by Chinese nationals who are unhappy with Canada's involvement in the Huawei CFO's arrest.




Europe


Russian headache ▪ German wholesaler Metro saw its shares take a 4% dive following news its struggling Russian business would continue to affect profits in the 2018/2019 financial year. It could see a possible "mid-to-high-single digit percentage fall"” in net earnings.



Delayed ruling ▪ The release of the report into the Sainsbury's-Asda supermarket merger has been delayed, with the provisional findings now expected by early February, a month later than previously thought. The revised timetable is unrelated to the supermarkets' legal challenge on Wednesday for more time to respond to evidence.



Belgian investment ▪ Coca-Cola has announced a EUR 27.9 million upgrade of its Ghent production site. A new packaging line for cans will be constructed with a production speed of 120,000 cans per hour.



Cheap produce ▪ British grocery chain Morrisons has launched 'Too Good to Waste' boxes to both help customers on a budget and reduce food wastage. The one-kilogram boxes will cost GBP 1 and could feature any of the 205 produce varieties on sale.




Asia & Australasia


Fresh blood ▪ Alibaba-backed Lazada group has a new captain at the helm with Pierre Poignant as its new chief executive taking over from Lucy Peng. The appointment is the Southeast Asian e-commerce company's second CEO change this year.



Expansions afoot ▪ Australian denim label Ksubi is aiming to launch two flagships stores on its home turf, after the success of its flagships in Los Angeles and New York. The company is experiencing its strongest growth to date thanks to the 'influencer effect' of high-profile customers.




Inspiring ideas


Image galleries ▪ New Yorkers have been spoiled for choice this week with the opening of two impressive stores. Starbucks has opened it's first coffee roastery in the city, showcasing its delightful aesthetic with soft lighting, copper features and rare coffees. Meanwhile, Lidl has launched its first ever store in The Big Apple. Check out the video of the new premises here.



Golden move ▪ McDonald's, the world's biggest purchaser of beef, is set to get a big tick of approval from the health industry with its decision to curb the use of antibiotics in its beef supply. The move has the potential to have a big impact on the effectiveness of the drugs to treat human illnesses.