CHECKOUT COUNTER: Nestlé buys hipster coffee
A weekly round up of the hottest international retail and consumer news. It marks the first step by a packaged coffee leader into the world of "hipster" speciality bars that serve high-end, single-origin coffees. The terms of the deal have not been disclosed, but the company is said to have paid as much as US$500m. Women’s shoe retailer Aerosoles Group has filed for Chapter 11 bankruptcy protection — the latest casualty in a struggling retail industry. Aerosoles has more than 300 stores around the world, including in China, India and Peru. The firm will shut stores as part of a restructuring effort to realign the business. According to its bankruptcy court filing, the company has listed assets of $10m-$50m and liabilities of $100m-$500m. 3. Profits fall at Prada Italian fashion house Prada SpA reported first-half profits that missed analysts’ estimates and cautioned that its turnaround efforts may take longer than expected. Net income fell 18% to €€115.7m in the six months to end-Ju...
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