News@Nine FRIDAY 3RD JULY 2015
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Lidl has received almost $1bn in public development funding

2 July | 06:42 PM | Guardian | Business

The German discount supermarket Lidl and its sister chain Kaufland have benefited from almost $900m (£576m) in public development money over the past decade, the Guardian can reveal. The companies, owned by the large retail company Schwarz Group and controlled by one of Germany’s wealthiest families, received loan funding from a little-known wing of the World Bank and from the European Bank for Reconstruction and Development (EBRD).

cart in an isle - with fruit


Pineapple  - water splash

Business Briefing: Whole Foods Apologizes for Mistaken Pricing

Whole Foods Market is apologizing to its shoppers for incorrect pricing, a week after an investigation by New York’s Department of Consumer Affairs found that the grocer routinely overcharged.

Brown paper bag

Dollar Tree and Family Dollar Will Sell 330 Stores to Seal Merger Deal

Dollar Tree and Family Dollar have agreed to sell 330 Family Dollar stores to settle a complaint that their proposed merger would probably be anticompetitive, the Federal Trade Commission said on Thursday. The chains, which have locations in 35 states, will be sold to the private equity firm Sycamore Partners, the F.T.C. said in a statement. Terms of the sale were not disclosed.


Unilever to acquire Murad to expand skincare business

Anglo-Dutch consumer goods giant Unilever is to buy U.S. skincare company Murad, its fourth premium skincare deal in recent months. The company said on Thursday that the deal was subject to customary approvals. It did not disclose financial terms.

My Tube: Thousands of Apple employees along with their families and friends joined together to march in the San Francisco Pride Parade.
Thousands of Apple employees along with their families and friends joined together to march in the San Francisco Pride Parade.

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LK Bennett - bag

Vivienne Westwood launches affordable handbag collection with The Cambridge Satchel Company

The exclusive line of handbags are available to buy from July 8. The range includes, pictured from left, The Music Bag, priced at £245, Classic 14' Satchel for £215, and The Tiny, which comes in at £115.

Swatch watch

Swatch Group to pay 'record' rent for Oxford Street location

Swatch Group have signed a lease for a 'record rent' at 411 Oxford Street, property owned by Hong Kong investor group, Circle Group, according to global real estate services Savills, who acted for the landlord during the transaction. The Swiss watch retailer is set to open its first standalone Longine store in the UK at the 1,000 square foot location, which is located opposite from premium department store Selfridges.

Foreign currency - coins

Death of cash over exaggerated according to BRC

A new study has revealed that cash still remains the preferred payment option for shoppers. The British Retail Consortium’s annual Payments Survey shows that despite a slight decline in use, cash continues to account for over 52% of all transactions.

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