West Country greengrocers chain Stokes has announced it will close 60 of its stores as part of a restructuring exercise. The retailer hopes the shake-up will equip it better to cope with the competition coming from out-of-town supermarkets.
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Lion buys Kettle
Private equity firm Lion Capital has agreed to purchase Kettle Foods, which makes the Kettle Chips potato chips brand in the UK and US. Kettle Foods has sales of $150m a year.
Tesco designer plans
Tesco is believed to be planning a premium designer clothing range to sit alongside its Florence+Fred and Cherokee ranges.