Fancy vivid pink renamed the Winston Pink Legacy diamond

Harry Winston paid a record-setting $50m for the diamond, so is entitled to the name change, as top-end diamonds are still in demand

Liquor and drugs boost Spar’s sales

The grocery chain’s Swiss customers preferred to shop in cheaper neighbouring countries, but Ireland did well

Premier Foods moves to Brexit-proof favourite products

Company to start stockpiling ingredients and packaging to ensure Britain doesn’t run out of the likes of Oxo stock cubes and Mr Kipling cakes

Amazon picks New York City, Virginia for new headquarters

The move gives Amazon.com a bigger foothold in the centre of the US as it seeks to gain a recruiting edge over Silicon Valley tech companies

Walmart India venture Flipkart loses CEO Binny Bansal after misconduct probe

Bansal, one of the most high profile of India's new generation of tech-savvy billionaires, has denied the allegations

Top UK fashion brands team up with law enforcement to combat modern slavery

Six of the UK's top fashion brands vow to raise awareness to stop worker abuses and protect at-risk and exploited employees

Massmart battles one of the worst retail environments yet in SA

The company says the country needs the economy to grow to  boost confidence 

Higher wood and metal prices hit Ikea profit

World’s biggest furniture brand is battling to adapt to the rise of online rivals such as Amazon and made.com

Threat of US menthol cigarette ban knocks BAT down 11%

The Wall Street Journal reported on Saturday that the US Food and Drug Administration proposes to ban menthol cigarettes, which make up 25% of BAT’s US sales

Simon Susman to end 36-year journey with Woolworths

Susman will be succeeded by former Imperial and Sanlam Personal Finance CEO Hubert Brody

Richemont under pressure over restructuring of reporting lines

The CFO of the luxury brands group will report directly to the board, instead of to the incoming CEO

Tiger Brands revises its profit warning

The group said on Friday headline earnings per share would fall by between 25% and 30%

Going online boosts Richemont’s sales but not its profit

More than half of the group’s sales and 90% of its operating profit came from its jewellery maisons

Energy drink maker in Monster slide as Coke plans rival products

Coca-Cola and Monster are in arbitration over the behemoth's plans for two energy drinks

Toy maker to offer shares in Portugal tech-led IPO revival

Portugal's educational toy maker Science4You plans to float shares worth up to €15m in 2019

Spark ATM fires up drive to roll out cash machines for new banks

Spark ATM Systems plans to add more retailers and banks as customers

Published by Tiso Blackstar and distributed with the Financial Mail on the last Thursday of every month except December and January.