CHECKOUT COUNTER: Nestlé’s palm-oil plan
Nestlé will use satellites to monitor palm-oil plantations for signs of deforestation as it aims to speed up its commitment to more sustainable ingredient sourcing
1. End of a 123-year era Victoria’s Secret owner L Brands will close all 23 of its Henri Bendel stores and the Henri Bendel e-commerce website in January. Henri Bendel, which sells women’s handbags, jewellery and luxury fashion accessories, opened its first store in 1895 in New York’s Greenwich Village. It was bought by L Brands in 1985.
2. Coca-Cola signs footie deal Coca-Cola has agreed to its biggest UK sponsorship deal by becoming Premier League football’s seventh and final commercial partner. It will become the official soft drink partner of the league, joining other sponsors Barclays, Carling, Cadbury, Nike, Tag Heuer and EA Sports. The three-and-a-half-year agreement starts in January 2019. Coca-Cola also sponsors the football World Cup and the Olympic Games.