CHECKOUT COUNTER: McD’s doesn’t give a straw
Shareholders at McDonald’s annual meeting reject a proposal to phase out plastic straws
1. M&S to shut up shops Marks & Spencer plans to close 100 shops by 2022 as part of a transformation plan to tackle falling sales and profits. The British retailer says it will take exceptional charges of more than £320m to cover the cost of shutting stores. Fashion chain New Look will close 60 outlets and House of Fraser is planning at least 20 closures, amid tough trading conditions and rising costs in the UK.
2. McD’s doesn’t give a straw Shareholders at McDonald’s annual meeting rejected a proposal to phase out plastic straws. The fast-food chain distributes an estimated 95m single-use straws around the world every day, according to consumer advocacy group SumOfUs. Fewer than 8% voted in favour of the proposal. Consumer concern about the effects of plastic pollution has put pressure on the food industry to be more sustainable...
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.