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Japan start-up spins profitable future for synthetic spider silk

  Bloomberg Later this year, outdoor-gear retailer North Face will offer its environmentally conscious shoppers at its outlet in Tokyo’s posh Harajuku fashion district a chance to save the planet. North Face’s outlets in Japan will sell a $1,000, special edition “Moon Parka,” a gold-colored jacket based on the design of its existing Antarctica parka, made out of synthetic spider ...

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Wal-Mart takes another swipe at fees for payment cards

  Bloomberg In the latest salvo in a long-running feud over the costs of processing payments, Wal-Mart Stores Inc. sued Visa Inc.’s US unit, saying the company wants the retailer to use a less-secure method for verifying debit cards in order to route transactions through its own networks to boost profits. Wal-Mart filed a heavily redacted complaint in New York ...

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Dean scoops up Friendly’s ice-cream assets for $155mn

  Bloomberg Dean Foods Co., the largest US dairy processor, agreed to buy the manufacturing and retail operations of Friendly’s Ice Cream LLC for $155 million to add another consumer brand and help build its business beyond commodity fresh milk. The deal includes Friendly’s trademark and intellectual property, Dallas-based Dean said in a statement. The company will retain Friendly’s senior ...

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