A weekly round up of the hottest international retail and consumer news 1. Mexican makeoverUS fast-food chain Taco Bell has refreshed its logo for the first time in 25 years and opened a flagship store on the Las Vegas Strip. It’s not just a burrito joint though: the two-storey restaurant serves alcoholic slushies, uses digital menu boards and has space for DJ entertainment. It even has a retail store that sells beach towels and bikinis. The new "Cantina" format represents the company’s evolution and growth plan to become a US$15bn brand by 2022 while adding 2,000 restaurants globally and 100,000 jobs in the US. Taco Bell is a subsidiary of Yum! Brands, which owns KFC.2. Turnaround flopAmerican Apparel has filed its second bankruptcy in just over a year. The beleaguered retail chain failed to make a comeback as mounting debt, legal woes and increased competition from online retailers weighed on growth. The brand, best known for its provocative advertising and "made in America" herit...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.