CHECKOUT COUNTER: Teavana teas arrive in Starbucks SA
A weekly round up of the hottest international retail and consumer news. 1. Hudson’s Bay announces thousands of lay-offs The parent company of Saks Fifth Avenue and Lord & Taylor is cutting its workforce by about 2,000 jobs. The company says the lay-offs aim to "flatten the organisation by removing layers to make [Hudson’s Bay] more nimble and streamlined". The cost-saving drive comes after a six-month operational review. 2. Teavana teas arrive in Starbucks SA Starbucks has launched its Teavana brand of teas across its stores in SA. The coffee brand acquired Teavana in 2012 in a $620m deal. The local range includes hot and shaken iced teas, including six full leaf teas — black tea (English Breakfast), green tea (Emperor’s Clouds & Mist), white tea (Youthberry) and herbal infusions (Chamomile, Mint Blend, and Hibiscus). 3. Uber rival gets $25m boost from Jaguar Land Rover Jaguar Land Rover has invested $25m in Lyft, the second-largest ride-hailing company in the US. Jaguar Land Rover...
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.