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Amazon, P&G fall short on environmental paper goals

  Bloomberg Companies from Procter & Gamble Co to Walmart Inc are lagging in efforts to mitigate environmental impact from the paper products they make and sell, according to a new report from an advocacy group. Environment America assessed the progress of six companies on their use of virgin fibres and indirect greenhouse-gas emissions. The group also looked at whether ...

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Mondelez sells gum unit to Perfetti in $1.35b deal

  Bloomberg Mondelez International Inc agreed to sell its gum business in some of its major markets to European rival Perfetti Van Melle SpA. The deal values the business at about $1.35 billion, the companies announced. The sale includes brands such as Trident, Bubblicious, Chiclets, Dentyne and some European candy. Perfetti will own the portfolio in the US, Canada and ...

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Swatch not to enter second-hand luxury watch market, says CEO

  Bloomberg Swatch Group AG Chief Executive Officer Nick Hayek said he doesn’t see the need to regulate the $20 billion market for second-hand luxury watches, contradicting moves by Rolex SA and H Moser & Cie. “Why should we mix ourselves into the market of used watches,” Hayek said in a Bloomberg TV interview. “This is a market that is ...

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