Retail

Bloomberg Tesco Plc has pledged to boost sales of healthier food and drink across its entire retail business in a bid to stave off further pressure from investors over concerns its products cause obesity. The company aims to include its central European operations and wholesaler Booker Group Ltd in a pledge to increase the share of healthy product sales, Tesco ...

Bloomberg A Singaporean company will feed airport food waste to crickets and mealworms before turning them into fish feed, aiming to cut the country’s use of imported feed and offer a sustainable alternative. Blue Aqua International will partner dnata, an air and travel services provider, to convert organic waste from its catering and ground handling operations at Singapore’s Changi Airport ...

Bloomberg The Honest Co, the personal care brand co-founded by actress Jessica Alba, raised $413 million in an initial public offering priced within a marketed range. The company and its shareholders sold about 25.8 million shares for $16 each, according to a statement confirming an earlier Bloomberg News report. The shares had been marketed for $14 to $17, with the ...

Bloomberg Steinhoff International Holdings is looking to raise as much as 4.6 billion zloty ($1.2 billion) by listing its European discount retail arm Pepco Group in Poland, capitalising on increased demand for discount goods amid the coronavirus crisis. The South African retailer and other holders plan to sell 101.3 million existing shares, the company said in a statement on Wednesday. ...

Bloomberg Estee Lauder Cos reported quarterly sales that came in short of analysts’ estimates despite early signs of travel bouncing back. Sales rose in every region but didn’t meet expectations, with demand for makeup still stifled as customers don’t see many occasions to wear cosmetics like lipstick. Global net sales for the fiscal third quarter ended March 31 rose 16% ...

Bloomberg Pandora A/S, which makes more pieces of jewellery than any other company in the world, will stop using mined diamonds as part of a broader strategy to drop raw materials associated with unethical production methods. Despite decades of reform, the global jewellery market remains tainted by reports of human rights abuses at mines and factories. To address such concerns, ...

Bloomberg Mousse Partners, the family office for one of the world’s largest fortunes, is reshaping one of its biggest bets. The investment firm for the family behind luxury brand Chanel has sold most of its stake in Ulta Beauty Inc, an investment held for at least 14 years that’s returned more than 1,700%. Since late March, the firm that manages ...

Bloomberg Kroger Co is diving into drone delivery, starting a pilot at a store near its Cincinnati headquarters. The supermarket chain is partnering with Drone Express, a unit of Telegrid Technologies, to deliver groceries from a store in Centerville, Ohio, later this spring, the companies said in a statement. The technology allows for deliveries of up to five pounds to ...

Bloomberg Amazon.com Inc will supplant Walmart Inc as the biggest US retailer by 2025, according to a new report, suggesting the e-commerce giant has too much momentum for Walmart to stop despite big investments in its own e-commerce offerings. By 2025, US shoppers will buy $632 billion worth of products at Amazon and retail afflilites including Whole Foods Market, surpassing ...

Bloomberg Fosun Group and an arm of JD.com Inc are among suitors considering investing in domestic operations of HNA Group Co. as the indebted Chinese conglomerate is reorganized after being placed under government control, people with knowledge of the matter said. Ping An Insurance Group Co, Juneyao Airlines Co and Air China Ltd have also been studying HNA’s assets, the ...