It is slim pickings today in the papers in terms of food and retail news.
Marks & Spencer has bought a 25% stake in trendy womenswear brand Nobody’s Child as moves to revive its clothing arm gather pace (The Mail).
A busines editorial in The Telegraph goes over the case for a PE takeover of Marks & Spencer and suggests Apollo would be well advised to take a wide berth from a “desperately unimaginative” deal.
Kent-based sparkling wine maker Gusbourne, backed by Lord Ashcroft, is raising up to £6.2m to slash its debt and expand the business (The Mail).
John Lewis has promised £1m to tackle the retail industry’s “throwaway” culture (The Telegraph).
UK consumer spending is showing resilience driven by early Christmas shopping and enthusiasm for eating out and entertainment despite surging inflation, intensifying pressure on the Bank of England to raise interest rates (The Financial Times £).
The pound hit a 21-month high against the euro as the threat of coronavirus lockdowns on the Continent hit the single currency (The Mail).
Cosmetics firm Lush says it is deactivating some social media accounts until platforms “take action to provide a safer environment” for users (BBC News).
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