Weekly Round-Up… 07 May, 2019
Published on May 7 2019 11:48 AM
The Festival of Prosecco Cork will take place across Corks Metropole Hotel, Cork International Hotel, and Cork Airport Hotel this month. The event will run from 10 May to 25 May. It will involve Prosecco masterclasses, tastings, and a ‘Prosecco supper club’ where guests are treated to a four-course meal while drinking Prosecco.
International food and drink group Princes is increasing the recycled content of the plastic it uses, like the shrink wrap packaging on its UK manufactured products moves to 50% post-consumer recycled waste (PCRW). Princes household brands such as Crosse & Blackwell, Branston baked beans, Aqua Pura, Jucee, and all own label it supplies will implement the 50% PCRW shrink by the end of 2019. This could help reduce the plastic sent to landfill across the UK by up to 1,000 tonnes.
E-commerce giant Amazon has reached out to Israeli retailers to enable them to sell directly to customers in Israel using its online platform. Amazon sent a letter to a select number of Israeli retailers inviting them to join its local delivery programme that allows firms to use their current Amazon.com seller account to fulfil orders directly to customers in Israel, using local inventory.
Domino's warned of a loss in its international business this year, sending shares in Britain's biggest pizza delivery firm lower and eclipsing a rise in first-quarter group sales. "Internationally, performance remains disappointing and trading visibility is limited," Chief Executive Officer David Wild said, adding the company would tighten its focus on international costs and capital deployment. Its shares were down 6.4% at 244 pence at 7 am, off a low of 229.6 pence. They stumbled 34% in 2018.
Over 2,000 people enjoyed a family day out on the farm of an Avonmore milk supplier where they got a chance to experience first-hand life on a working dairy farm, and learn more about the heritage of their milk. Larry and Karen Hannon, producers of fresh milk for the Avonmore brand, opened the gates of their farm in Ballitore, Co Kildare for consumers, supported by Glanbia Ireland. The Open Farm event was one of three staged nationally on the Bank Holiday Monday, 6th May, by Agri-Aware, the independent farming and agri-food educational body.
Luckin Coffee, the Chinese challenger to Starbucks Corp, is looking to raise up to $586.5 million, its filing with the U.S. Securities and Exchange Commission on Monday showed. The company said it expects to offer 34.5 million American depository shares (ADS) priced between $15 and $17 per ADS in an initial public offering, giving it a valuation of between $3.48 billion and $3.95 billion.
© 2019 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click sign-up to subscribe to Checkout.