Aldi leads supermarkets towards farmer-friendly pledge
Aldi has jumped in first to sign a deal drawn up by the National Farmers Union labelled the ‘fruit and veg pledge’.
The pledge includes measures such as committing to supplying fruit and veg, the supermarkets financing any deals on fruit and veg and also the removal of bureaucracy and unfair charges on the farmers.
According to The Guardian, the NFU is now calling on all major supermarkets to follow Aldi in signing the pledge.
Source: The Guardian
Burberry and Yum, owner of KFC and Pizza Hut, financials hit by slowing Asia markets
What does Burberry have in common with fast food? Not a lot, aside from the fact that falling sales in Asia and particularly China has hit the high end fashion retailer and KFC and Pizza Hut owner Yum.
Both companies released their latest financial figures, with Burberry’s sales growth slowing from 11% to 8% due to a slowdown of sales in Asia. Similarly, Yum foods posted a 3% revenue drop for the three months to June 13 and attributed it to slowing sales in China.
Burberry’s revenue for the first quarter reached £407m, while Yum posted a $3.1bn revenue for the same period.
Both companies said sales in the US and Europe were still strong.
Source (Burberry): Telegraph
Source: (Yum): BBC
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