1. Abercrombie talks off US teen clothing retailer Abercrombie & Fitch is no longer up for sale and will focus on fixing itself. The group had been fielding takeover offers but said it had terminated discussions with all interested parties about a potential deal following a review. 2. Ice cream on the move Over 600 Baskin-Robbins US stores will now be delivering scoops of ice cream, milkshakes, sundaes and cakes through restaurant delivery service DoorDash. The chain, owned by Dunkin’ Brands, previously tested the service in about 60 locations. DoorDash uses insulated carriers to make sure the frozen treats do not melt. 3. Tencent launches WeChat Pay in Europe Naspers-owned Tencent has launched its payments service, WeChat Pay, in Europe, challenging Alipay, which is owned by Ant Financial, an affiliate of rival Alibaba. WeChat is a social media service that has about 938m monthly active users. Tencent has partnered with German payments firm Wirecard to allow retailers to accept WeC...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.