Retail

  Bloomberg Indonesia, under pressure to rein in its budget deficit, plans to sell minority stakes in some of the nation’s airports and ports to private investors as President Joko Widodo seeks investment to fund his ambitious infrastructure agenda. The government intends to sell as much as 45 percent in 10 airports and 20 ports but will retain state control …

  Bloomberg Coca-Cola and PepsiCo face a wave of new soda taxes after four US cities voted to pass the measures, part of an escalating war on sugary drinks. Proposals to slap a 1-cent-per-ounce tax on sugar-sweetened beverages are poised to pass in the California cities of San Francisco, Oakland and Albany. In Boulder, Colo., meanwhile, a 2-cents-per-ounce tax is …

  Bloomberg Canada Goose Inc., the retailer of high-end winter parka coats that can sell for more than $1,000 apiece, has chosen bankers to lead its planned initial public offering, according to people familiar with the matter. Credit Suisse Group AG, Canadian Imperial Bank of Commerce and Goldman Sachs Group Inc. will lead the Toronto-based retailer’s offering, the people said, …

  Lagos / AFP Nearly 60 percent of domestic flights were delayed in Nigeria in just three months to the end of September, local media reported, citing statistics from the country’s aviation regulator. The Nigerian Civil Aviation Authority (NCAA) recorded 7,722 delays of the 13,097 scheduled flights operated by eight airlines in the third quarter; 253 services were cancelled in …

  AFP British retailer Marks and Spencer said on Tuesday it will shut more than 100 stores, among them many foreign shops including its Champs Elysees branch in Paris, in order to cut costs after posting a first-half loss. M&S, regarded as a barometer of UK consumer demand, said it would close around 60 food and home stores in Britain …

  Dubai / Emirates Business Marka PJSC (DFM: MARKA), the first public joint stock retail operator in the UAE, is expanding its hospitality portfolio in partnership with Hearst Magazines International, with a second launch of the popular Harper’s BAZAAR Café located at CITY WALK Dubai. Elegant in concept, Harper’s BAZAAR Café is at the heart of Marka’s hospitality expansion plans. …

  Rome / AFP Hard on the heels of stoking anger over plans to open a restaurant in the Vatican, McDonald’s has filed a $20-million lawsuit against Florence for blocking a proposed outlet in the city’s most revered square. The US fast-food chain said it was claiming 17.8 million euros ($19.65 million) in damages after the city rejected an application …

  Bloomberg Luxury fashion startup Farfetch is meeting advisers about an initial public offering in New York as early as the end of next year, according to people familiar with the matter. Farfetch will appoint advisers in the coming months, the people said, asking not to be named as the details aren’t public. No final decisions have been made, and …

  Bloomberg Britain’s retailers received a much-needed boost last month as sales grew for the first time since January. Same-store sales rose 0.7 percent compared with October last year, business advisory firm BDO LLP said in its monthly report. Sales of home furnishings led the rebound, growing 11.6 percent. The growth is welcome news for retailers, many of whom have …

  Bloomberg TAG Heuer could report record growth in revenue as it increases market share amid a slump in the Swiss watch industry. The brand that considers itself the leader in “accessible luxury” has achieved double-digit growth so far in 2016, which may make it a “record year,” Chief Executive Officer Jean-Claude Biver said in a Bloomberg interview on Sunday …