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Brazil’s Guararapes taps Safra for stake sale

  Bloomberg Guararapes Confeccoes SA, the Brazilian conglomerate that owns fashion retailer Riachuelo, is working with Banco Safra SA as it mulls a potential stake sale, according to people familiar with the matter. Shoemaker Arezzo Industria e Comercio SA and Grupo SBF SA, owner of sporting-goods retailer Centauro, are among the companies that have been approached, said the people, who ...

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Ethiopia reiterates Boeing Max crash over unfit safety feature

  Bloomberg Ethiopian authorities reiterated that the deadly Boeing Co 737 Max jet crash near Addis Ababa almost four years ago was mainly due to a faulty safety feature, revealing little fresh insight into the accident. A final report into the Ethiopian Airlines Group incident concluded that all professionals and planes related to the crash were correctly certified, Dagmawit Moges, ...

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Lidl panettone becomes taste of Christmas in broke Britain

  Bloomberg Britons normally splash out on food at Christmas, trading up to more premium grocers for turkeys and mince pies. This year, amid the worst cost-of-living squeeze in memory, they’re heading to Aldi and Lidl. The German discounters have escalated their challenge to traditional supermarkets like Tesco Plc, slashing prices of fowl and vegetables to try to attract last-minute ...

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