Cybertruck Recall

 

Thousands of Tesla Cybertrucks have been recalled in the US due to concerns about part of the electric car's trim falling off in the model's eighth and largest ever recall. The issue affects more than 46,000 trucks made starting in November 2023, which analysts say amounts to nearly all Cybertrucks. It comes as Tesla, which did not respond to a request for comment, grapples with falling sales amid a backlash against the firm and its boss Elon Musk Prior Cybertruck recalls involved failing windshield wipers, trapped accelerator pedals, possible loss of drive power to the wheels, and other issues.Tesla told NHTSA it had received about 150 claims from drivers about the issue but was not aware of any accidents caused by the problem. It estimated that the issue affected about 1% of vehicles involved in the recall. The issue is covered under a warranty for new owners, and the company will replace the piece free-of-charge. Tesla's shares have dropped nearly 40% since January, erasing the jump in value that it enjoyed after the 2024 US election. The fall has been significantly more than the overall drop in the US stock market over that period. The political backlash adds to the challenges the company had already been facing from increased competition and an ageing line-up of offerings. The Cybertruck was supposed to help reignite buzz around the brand and help it break into the lucrative market for pickup trucks in the US. It hit the roads in late 2023 and carries a starting cost of more than $72,000 (£55,500).

Tesla Cybertruck

Santander To Close 95 Stores

Santander has announced it is set to close 95 branches across the UK, putting 750 jobs at risk. The High Street bank said its customers were increasingly shifting to banking online and it aimed to start closing almost a quarter of its branches from June. As part of the changes, Santander will also reduce hours at 36 branches and remove the front counters from 18 others. It is the latest bank to announce branch closures, with Lloyds announcing 136 closures in January. The closures will leave Santander with 349 branches, down from 444. It said the areas to lose branches would be covered by 95 "community bankers" who will visit local communities on a weekly basis in facilities such as libraries. Santander said the changes were due to a "a rapid movement of customers choosing to do their banking digitally". It added digital transactions had increased by just under two thirds since 2019, with a similar drop for transactions in branches. About 750 staff will be at risk of redundancy if the proposals go ahead after consultation with the unions, the Spanish-owned bank said.

Santander Closures

Tesco Wage Rise

Tesco will lift pay for its store staff by 5.2% but will scrap the extra pay for working on Sunday. The UK's biggest supermarket chain said the hourly rate will go up by 43p to £12.45 from 30 March after reaching a deal with unions. It will raise pay again to £12.64 from the end of August - a little above the UK national minimum wage which is set to rise to £12.21 per hour from April. However, Tesco will also drop the current 10% pay bonus for Sunday shifts for all staff, which it had already stopped providing for new starters. Tesco's UK chief executive says the £180m spent on funding the pay increases is a "significant investment". The move comes as many big supermarkets raise pay to attract more staff in a tight labour market. In January, Sainsbury's said it will raise hourly pay by 5%, also in two phases, but said it was cautious about recruiting new staff in 2025 due to rising costs "to help manage a particularly tough cost inflation environment". The German-owned discount chain Lidl will also raise pay, it announced in February, from £12.40 per hour to £12.75. Chancellor Rachel Reeves announced in the October Budget that in April, along with the national minimum wage, employer National Insurance contributions will also rise. Businesses have said the extra costs from these changes will mean higher prices, job cuts, and shop closures, though unions have criticised firms for saying this.

Tesco Wage Rise

Cadburys x Biscoff

Cadbury has teamed up with Lotus Biscoff to launch a co-branded Dairy Milk bar. The milk chocolate tablet, available in 95g (rsp: £1.75), 95g PMPs (£1.69) and 105g (rsp: £2) formats, is studded with pieces of Lotus Biscoff’s famous speculoos biscuits. It would “tap into consumer interest in new flavours and textures, and drive cross-brand excitement”, said Cadbury. “Combining two delicious favourites is a great way to give consumers the best of both,” said Cadbury Dairy Milk brand manager Connor Gould. “As a result, the new Cadbury Dairy Milk Biscoff is sure to utilise consumer demand for unique flavours to help drive category growth,” Gould added. The launch is being supported by “eye-catching” co-branded PoS materials, along with social, influencer and seasonal content. The manufacturer said it would launch a co-branded Cadbury and Biscoff product in the UK, and a co-branded Milka and Biscoff product in Europe. The partnership also aimed to grow the Lotus Biscoff brand in India, by leveraging Mondelez’s extensive distribution network and local market presence in the country. It comes as a swathe of other fmcg brands have been innovating to cash in on the growing popularity of Biscoff.

BBQ - What other brand collaborations would you like to see?

Cadburys Biscoff

No Bonus For John Lewis Staff

Retailer John Lewis has said its staff will not receive a bonus for the third year in a row, despite reporting a jump in annual profits. The employee-owned retail partnership, which also includes the Waitrose supermarket chain, said profits rose by 73% to £97m last year. However, it has not restored the staff bonus, saying it would invest in its business and workers' pay instead. Chairman Jason Tarry said he was "determined to pay a bonus as soon as we possibly can" but that "will depend on where we are at the time". A company source added that John Lewis had no specific thresholds or criteria for reinstating the bonus. The John Lewis Partnership employs about 69,000 people, and earlier this month it said shop workers would receive a 7.4% pay rise this year. But this is the fourth time in five years that John Lewis has not paid a bonus. The string of freezes started in 2020 - the first time it had scrapped them since 1953 - after it was hit by Covid lockdown store closures. John Lewis said that while it expected the economic environment to be "challenging for our customers and our business" in the year ahead, it was still confident it could push up profits. John Lewis has been trying to win back customers with a recovery plan after a tough few years that saw it cut jobs and close several stores.

BBQ - Would workers prefer a bonus or a pay rise? What is the best form of motivation?

John Lewis

Tesco Trial Free Food Giveaway

 

Tesco is to begin a trial giving expiring food to customers for free at the end of the day as it tries to cut food waste. The supermarket will give away some already discounted "yellow sticker" items after 21:30 in some of its smaller Express stores in coming months. Tesco already donates expiring food to charities and foodbanks. It says it is taking this step to try to meet its goal to halve food waste. The company said the expiring food would be offered to charities and shop workers first, before customers could take it. Tesco is Britain's largest supermarket chain, with a 27.8% market share. It has 3,700 UK stores and about 750 more abroad. All major UK supermarket chains have partnerships to send surplus food to charities. The next big four after Tesco - Sainsbury's, Asda, Aldi and Morrisons - have also pledged to halve food waste by 2030. Aldi says it has achieved this already. Many supermarkets also offer steep discounts on expiring food. Tesco's trial, however, appears to be the first direct-to-customer policy in the UK. The firm has a target to cut its food waste by 50% this year, as part of its net-zero emissions push.

BBQ - Could there be any issues with Tesco giving away expiring food?

Tesco Free Food

Pizza Boosts Greggs Sales

Greggs, the UK's bakery powerhouse, is experiencing a notable sales boost, and while the legendary sausage roll still holds its crown, pizza is proving to be a significant driver of growth. The company's strategic expansion into hot food offerings, particularly pizza slices and boxes, has successfully captured a new segment of the market, especially during evening hours. This diversification strategy reflects Greggs' agility in responding to evolving consumer preferences. Notably, Greggs has surpassed £2 billion in annual sales, with a significant contribution from its expanded hot food offerings. Further more Greggs has seen a 13.8% increase in sales for the first half of 2024. Evening trade remained the brand's fastest growing daypart, accounting for 9% of company-managed shop sales in 2024. Beyond the enduring popularity of its classic pastries, the pizza range has demonstrated the company's ability to innovate and expand its appeal. The positive impact on sales underscores Greggs' effective approach to broadening its menu, solidifying its position as a go-to destination for affordable and convenient food, though the sausage roll's iconic status remains unchallenged

Greggs Sales

Boots Takeover

Boots, a cornerstone of the UK's retail landscape, is poised for a significant transformation as Walgreens Boots Alliance (WBA) is being acquired by US private equity firm Sycamore Partners in a deal valued at roughly $10 billion. This privatisation move comes as WBA grapples with evolving consumer behaviors, notably the surge in online retail, and increasing competitive pressures. The acquisition, with Sycamore Partners paying $11.45 per share, raises questions about the future of Boots' nearly 2,000 UK stores. Notably, WBA has faced a significant decline in market value, and this deal comes after previous restructuring efforts, including store closures. While Sycamore Partners has expressed commitment to WBA's brands, the potential for Boots to be spun off or sold separately remains a possibility, adding a layer of uncertainty to its future. The deal reflects the ongoing challenges in the retail pharmacy sector and the strategic shifts companies are making to adapt.

Boots Takeover

Mixue Bubble Floats on Stock Market

 

The global beverage landscape is witnessing a significant shift, as the bubble tea chain Mixue has made a remarkable debut on the Hong Kong Stock Exchange. This company, boasting a staggering number of outlets, over 45,000 globally, surpassing even Starbucks, saw its shares surge.  Mixue raised $444 million in its IPO, by offering 17 million shares, and the shares then jumped significantly on the first trading day. This highlights the immense popularity of its affordable ice cream and bubble tea offerings. Mixue's success is attributed to its strategic franchising model and focus on providing budget-friendly treats, resonating particularly well in markets facing economic challenges. With its vast network of stores across China and other Asian countries, Mixue's expansion reflects the growing global appetite for accessible and trendy beverages. This successful IPO signals strong investor confidence in Mixue's business model and its potential for further international growth, potentially disrupting the established order of the global fast-food and beverage industry.

Mixue Success

Aston Martin Cuts Workforce

Aston Martin has cut 170 jobs after losses widened by a fifth last year and fewer cars were sold in 2023 following a string of supply chain issues and production delays. The luxury auto manufacturer, which has its headquarters in Gaydon, Warwickshire, said it planned to axe 5% of the workforce as part of cost-cutting measures to return to profit. All of the company's departments have been hit, including manufacturing, office jobs and management. In a statement on Wednesday, the company said the aim was to make sure the company was "appropriately resourced for its future plans", and called the cuts a "difficult but necessary action". Aston Martin - famous for making fictional spy James Bond's cars - said it was targeting yearly savings of £25m and expected to hit about half of that total this year. Adrian Hallmark was appointed the company's new chief executive in September amid a ramping up of sales of its new Vantage and DBX707 models, which it said helped boost production volumes. The company also launched its flagship Vanquish model in September. Aston Martin said the launches helped boost sales later in the year as it started delivering more of the new models to customers, with wholesale volumes picking up 10% year on year in the second half compared with 2023. But the company's wholesale volumes for the whole year were still down 9% at 6,030 cars, pushing its pre-tax losses to gape by a further 21% to £289 million. It also saw its debt pile rise by 43% to £1.16bn during the year, while shares were down about 33% over the last year.

Aston Martin

Maple Water

While drinking tree sap does not immediately sound appealing, Canadian producers are hoping that it will be the next must-try soft drink around the world. We have all heard of maple syrup, which is made by boiling down the sap of maple trees to produce a thick, sweet, golden-to-brown coloured syrup that is typically poured over pancakes. What is far less well known is that you can drink the sap itself, which is called maple water. Clear in colour, it contains just 2% natural sugars, so it is only slightly sweet. A small but growing number of producers in Canada are now selling this maple water in bottles or cartons, after first giving it a filter and pasteurisation to kill off any microbes. Advocates point to the fact it is a natural drink, and makers hope that it can steal some sales from the existing similar product – coconut water. The latter is made from water that naturally forms inside coconuts. As Canada is far and away the world's largest producer of maple syrup – accounting for more than 80% of production – it is understandable that the nascent maple water sector is also Canadian. For the maple water industry as a whole, one recent report predicts big growth. It estimated that global sales in 2024 totalled $506m (£409m).

Maple Water

, externalwith that expected to jump to $2.6bn by 2033. By comparison, worldwide sales of coconut water reached $7.7bn in 2023,

, externawith that expected to grow to $22.9bn by 2029. So maple water has a long way to catc

Birkenstock Sandals Not Art

Birkenstocks may be cool enough for Barbie but the sandals do not qualify as works of art, a German court has ruled. The company had claimed its footwear could be classified as art and so was protected by copyright laws in a case it put forward to stop rivals selling copycat versions of the cork-soled sandals. But a judge dismissed the claim, saying the shoes were practical design items - a decision Birkenstock called a "missed opportunity for the protection of intellectual property". Birkenstocks' popularity means rivals often sell knock-off versions, prompting the firm to make the claim to protect what it called its "iconic design". In this case, Birkenstock took three manufacturers and retailers to court, seeking to protect four of its sandal designs. German law distinguishes between design and art when it comes to a product. Design serves a practical purpose, whereas works of art need to show a certain amount of individual creativity. Art is covered by copyright protection, which lasts for 70 years after the creator's death, whereas design protection lasts for 25 years from when the filing was made. Shoemaker Karl Birkenstock, born in the 1930s, is still alive. Since some of his sandals no longer enjoy design protection, the firm attempted to gain copyright protection by seeking to classify its footwear as art.

Birkenstocks

Fanta Launches New Flavours

Fanta is boosting its zero-sugar offerings with the addition of three exciting new fruity flavours: Apple, Raspberry, and a limited-edition Tutti Frutti. This new product development (NPD) aims to help retailers broaden their customer base and capitalize on the 2.5 million shoppers who regularly purchase Fanta flavours, according to Coca-Cola Europacific Partners (CCEP). Apple and Raspberry will be available from February 24th in various formats, including 330ml cans, multipacks, and 500ml and 2L rPET bottles. The limited-edition Tutti Frutti, a vibrant mix of peach, pineapple, and banana, will launch mid-March in a sleek 250ml can. All three flavours will be supported by a multi-million pound marketing campaign encompassing influencer partnerships, out-of-home advertising, social media activity, and experiential events. CCEP's VP of Commercial Development, Rob Yeomans, highlighted the new Apple and Raspberry options as catering to consumer demand for those specific flavours, while describing the Tutti Frutti as a "carnival in a can" with a nostalgic flavour profile. These new additions come as Fanta seeks to revitalize sales after a £1.9m decline last year, according to The Grocer's Top Products survey.

BBQ - Analyze how the launch of these new Fanta Zero flavours, supported by a multi-million pound marketing campaign, could impact Fanta's market share and brand image, considering the reported sales decline of £1.9m last year.

Fanta

 

Next Ad Banned

 

In a recent ruling, the Advertising Standards Agency (ASA) has banned an online advertisement for Next clothing after receiving a complaint that the model appeared "unhealthily thin." The ad, which featured a model wearing denim leggings, was deemed to be irresponsible due to the pose, camera angle, and styling used, which emphasized the slimness of the model's legs. While Next defended the ad, stating that the model had a healthy physique, the ASA concluded that the ad gave the impression that the model was unhealthily thin. This ruling highlights the ongoing debate surrounding body image in advertising and the responsibility of companies to promote healthy and realistic representations of people.

BBQ - Discuss the ethical considerations that businesses should take into account when creating advertising campaigns

Next Ad Banned

Lidl Raises Pay Ahead of Minimum Wage

 

Lidl's recent announcement of a pay raise for its UK staff, pre-empting the national minimum wage increase, signals a significant move in the retail sector. As reported by the BBC, this £39 million investment translates to a 4% to 10% pay rise for 26,000 employees, exceeding the upcoming minimum wage. This proactive approach likely stems from a need to attract and retain talent in a competitive market, boost morale and productivity, and enhance the company's reputation. While the move is positive, it also raises questions about the ability of smaller businesses to follow suit, the potential for wider wage inflation, and the long-term sustainability of such practices. Ultimately, Lidl's decision sets a new benchmark for employee compensation and highlights the increasing pressure on businesses to address the cost of living crisis and value their workforce.

BBQ - Discuss the potential benefits and drawbacks for Lidl of implementing this pay rise, considering factors such as employee motivation, recruitment, and profitability.

Lidl Minimum Wage

Trump Tariffs Hit Barbie

Toy making giant Mattel says it may increase its prices in the US to make up for the impact of Donald Trump's tariffs. It comes after the US president imposed 10% tariffs on all imports from China, where just under 40% of the firm's production is based. On top of potential price increases, the maker of Barbie and Hot Wheels says it could have to implement changes to its supply chain. Consumer and business groups in the US have warned that the tariffs may disrupt supply chains and lead to higher prices. The toy industry has been facing slower sales in 2024, as a higher cost of living meant shoppers had less cash to spend on toys. Despite this, Mattel's shares jumped by 10% in extended trading in New York, after the company forecast better profits for next year than had been expected by Wall Street analysts.

BBQ - Why is Trump applying tariffs to other countries imported goods? Who will benefit?

Trump Tariff

Job Cuts at Estee Lauder

 
Estée Lauder, the cosmetics giant, has announced plans to cut between 6,000 and 7,000 jobs globally due to declining sales. The company, facing headwinds from softening demand in key markets and struggling to recover fully from pandemic-related disruptions, is implementing a restructuring plan aimed at streamlining operations and focusing on profitable areas. This move reflects the challenges facing the beauty industry as consumer spending habits shift and competition intensifies. The job cuts represent a significant portion of Estée Lauder's workforce and signal a strategic shift as the company seeks to navigate a changing market landscape and regain growth momentum. The restructuring is expected to generate significant cost savings, which Estée Lauder plans to reinvest in brand building and innovation to drive future performance.

BBQ - What alternative strategies could the company have explored to boost sales and potentially avoid such significant job losses?

Estee Lauder

Netflix Raises UK Subscription Prices

 

Netflix has increased its subscription prices for all UK plans. The most affordable plan with ads now costs £5.99 per month, a £1 increase. The popular Standard plan, offering ad-free viewing on two devices, has risen by £2 to £12.99.The Premium plan, which includes 4K resolution and four simultaneous streams, is now £18.99, a £1 increase. The streaming giant says the price hike is necessary to fund investment in new content and improvements to its platform. This change comes alongside new fees for account sharing outside of a single household. The move has prompted discussion among subscribers, with some expressing frustration while others remain loyal. The price increase and the crackdown on password sharing raise questions about Netflix's long-term strategy and its ability to retain subscribers in an increasingly competitive streaming landscape.

BBQ - How does price elasticity of demand affect Netflix's decision to raise prices?

Netflix

Amazon Drone Lift Off

 

Amazon has announced Darlington as the location for its first UK drone delivery hub, marking a significant step in the company's innovative Prime Air service. This initiative aims to deliver packages to customers within 60 minutes using a fleet of electric drones, designed to enhance delivery efficiency and reduce carbon emissions. The decision follows successful trials in the U.S., where Amazon has safely completed thousands of drone deliveries since 2022. The company is working closely with local authorities and the Civil Aviation Authority (CAA) to ensure regulatory compliance and community engagement. By choosing Darlington, Amazon is not only advancing its technological capabilities but also potentially boosting the local economy through job creation and infrastructure development.

BBQ - How might Amazon's introduction of drone deliveries in the UK impact its logistics and supply chain management, and what challenges could the company face in implementing this technology?

Amazon Drone

WH Smith High Street Drop

WH Smith has reported a continued decline in its High Street sales, with a 3% drop in like-for-like sales over the 21 weeks leading up to January 25, 2025. This downturn comes amid ongoing discussions to sell its High Street stores, a move driven by the company's strategic focus on its more profitable travel retail business, which has seen a 6% growth in the same period. The potential sale of the High Street arm, which has been a staple of British retail for over 230 years, reflects the broader challenges facing traditional brick-and-mortar stores in an increasingly digital shopping landscape. Despite the decline in High Street sales, WH Smith's travel outlets in airports and train stations continue to perform strongly, contributing significantly to the company's overall revenue. The retailer's decision to explore strategic options, including a possible sale, underscores the need to adapt to changing consumer behaviors and economic conditions.

BBQ - How might WH Smith's decision to sell its High Street stores impact its overall business strategy and what are the potential advantages and disadvantages of focusing more on its travel retail segment?

WH Smith Sales Fall

Coca-Cola Recall

Coca-Cola has issued a major recall of several of its soft drinks across Europe, including the UK, due to concerns over elevated levels of chlorate, a by-product of chlorine disinfectants used in water treatment. The affected products include Coca-Cola Original Taste, Coca-Cola Zero Sugar, Diet Coke, Sprite Zero, and Appletiser, among others. The recall was prompted by routine testing at a facility in Ghent, Belgium, which identified the contamination. While the company has assured that the risk to consumers is very low, it has taken precautionary measures to remove the affected products from shelves and advised customers to return any purchased items for a refund. This incident underscores the importance of stringent quality control measures in the food and beverage industry and highlights the potential impact of product recalls on brand reputation and consumer trust.

BBQ: How might Coca-Cola's recall of contaminated drinks affect its brand image and customer loyalty, and what steps can the company take to mitigate any negative impacts?

Coca Cola Recall

Sainsburys Cut Jobs & Cafes

Sainsbury's has announced plans to cut 3,000 jobs and shut down its in-store cafés as part of a broader cost-cutting strategy aimed at saving £1 billion over the next three years. The job cuts will affect roles in its contact centre in Widnes, Cheshire, in-store bakeries, and some local fulfilment centres. This move is part of the supermarket's "Next Level Sainsbury's" strategy, which focuses on streamlining operations and investing in areas that provide greater value to customers. The decision to close cafés and reduce staff is a response to changing consumer habits and the need to adapt to a more efficient business model. Sainsbury's has assured affected employees that it will support them in finding alternative roles within the company where possible. This restructuring aims to enhance the supermarket's competitiveness and ensure long-term sustainability in a challenging retail environment.

BBQ - How might Sainsbury's decision to cut jobs and close in-store cafés impact its brand image and customer loyalty, and what strategies could the company employ to mitigate any negative effects?

Sainsburys Cut Jobs

Waitrose Free Coffee Returns

Waitrose has reintroduced its popular free coffee offer for all myWaitrose loyalty scheme members, even if they haven't made a purchase. Starting January 27, members can enjoy one complimentary hot drink per day, provided they bring a reusable cup. This move marks a significant shift in the supermarket's loyalty scheme policy, which previously required a purchase to claim the free drink. The initiative, initially launched in 2013, had been suspended during the early months of the COVID-19 pandemic and was gradually reintroduced with purchase requirements. The latest change aims to offer more flexibility in response to customer feedback, allowing members to enjoy their coffee before, during, or after their shopping This strategy not only enhances customer satisfaction but also encourages foot traffic and brand loyalty, potentially boosting overall sales.

BBQ - How might Waitrose's decision to reintroduce free coffee for non-shoppers impact its customer loyalty and overall sales, and what are the potential risks and benefits of this strategy?"

Waitrose Coffee Club

Nearly Half of All Toys Sold Under £15

 

The rising cost of living has significantly impacted consumer behavior, particularly in the toy market. Nearly half of the toys sold in the UK last year were priced under £15, as parents sought more affordable options for their children. This shift is a direct response to economic pressures, with families tightening their budgets and opting for lower-priced toys. Despite a 3.7% decline in overall toy sales, certain categories like collectibles and plush toys have remained popular due to their affordability and appeal. For instance, the Squishmallows plush range, typically priced below £9, retained its position as the top-selling item for the second year in a row. Additionally, toys costing less than £10 accounted for 28% of the market. The British Toy and Hobby Association noted that the unsettled economic landscape has shaped these spending patterns, with parents and even adult collectors, known as "kidults," driving demand for budget-friendly and collectible items. This trend illustrates how affordability has become a key factor in toy purchases, helping parents navigate financial constraints while still bringing joy to their children.

BBQ - How might the trend of parents purchasing lower-priced toys impact toy manufacturers' strategies in terms of product development, marketing, and pricing?

Toy Trends

Empty Restaurant Trend

 The "Empty Restaurant" trend on TikTok has been gaining attention, highlighting the struggles faced by the hospitality industry, particularly during traditionally slow periods like January. This trend involves users posting videos of eerily quiet and empty dining establishments, often with captions that reflect the challenges of attracting customers during off-peak times. This trend has sparked conversations about the impact of economic downturns and changing consumer behaviors on the restaurant industry. Some establishments are using this trend to their advantage by offering special promotions and events to draw in patrons, while others are focusing on creating a more intimate and personalized dining experience to appeal to those looking for a quieter, more relaxed atmosphere. This trend not only raises awareness about the struggles of the hospitality sector but also encourages consumers to support local businesses during slower periods. By participating in the "Empty Restaurant" trend, TikTok users are helping to bring attention to the importance of supporting the restaurant industry year-round

BBQ - How would you attract customers during January? What implications are there for cash flow?

Empty Restaurant

Carlsberg Britvic Takeover Approved

Carlsberg's £3.3bn deal to buy J2O maker Britvic has been approved by a High Court judge. The Danish brewery, which also owns brands including 1664 and Brooklyn, said it planned to create a single integrated drinks business called Carlsberg Britvic following the takeover. Britvic, based in Hemel Hempstead, Hertfordshire, employs about 4,500 people and also produces Robinsons squash and Tango. Andrew Thornton KC, for Britvic, said in written submissions that the company was "the largest supplier of branded still soft drinks and the number two supplier of carbonated soft drinks in Great Britain". Britvic holds an exclusive licence with US partner PepsiCo to make and sell brands such as Pepsi, 7up and Lipton Ice Tea in the UK, which Mr Thornton told the court would continue following the takeover. The hearing in London was told that the deal will see Britvic taken over by Carlsberg UK Holdings Limited, a wholly-owned subsidiary of Carlsberg A/S, which Mr Thornton described as "one of the world's largest international brewing groups" with a market capitalisation of 118bn Danish kroner (£13bn).

BBQ - What are the advantages for the consumer of this takeover?

Carlsberg Britvic

, externa

Starbucks - Buy Something or Leave!

Starbucks says it is reversing rules for its cafes in North America that allowed people to use their facilities even if they had not bought anything. The changes, which are set to come into force from 27 January, are a U-turn from a policy introduced six years ago that allowed people to linger in Starbucks outlets and use their toilets without making a purchase. The move is part of the "back to Starbucks" strategy - a plan announced by the firm's new boss as he tries to tackle flagging sales. Starbucks said there was no change to its policy in the UK, where customers can continue to use the facilities without purchasing anything. The world's biggest coffee chain says its new code of conduct - which also addresses harassment and bans smoking and outside alcohol - aims to make its stores more welcoming. The company said the new rules would be displayed at every store and staff would be instructed to ask anyone who violates the code of conduct to leave. That includes allowing employees to call the police when necessary. Starbucks has been trying to boost flagging sales as it grappled with a backlash to price increases and boycotts sparked by the Israel-Gaza war. Other changes set to be introduced later this month include offering one free refill of hot or iced coffee for customers who buy a drink to consume on the premises.

BBQ: How might this change impact Starbucks sales and brand image?

Starbucks

Rolls Royce Target Super Rich

Rolls-Royce is making a significant investment of £300 million to expand its manufacturing facility in Goodwood, a move driven by the increasing demand for bespoke and highly personalized vehicles from the super-rich. This expansion is the largest since the plant's opening in 2003 and will support the company's Bespoke and Coachbuild programs. These programs allow clients to extensively customize their vehicles or even create entirely original designs, catering to the unique tastes and preferences of high-net-worth individuals. The primary markets fueling this demand are the Middle East, North America, and Europe, where there is a strong appetite for luxury and exclusivity. Rolls-Royce's CEO, Chris Brownridge, emphasized that the company's focus is not on increasing overall production but on producing more special commissions and remarkable motor cars. This strategy aims to enhance the brand's prestige and appeal by offering unparalleled customization options, ensuring that each vehicle is a unique masterpiece. By leveraging customization and exclusivity, Rolls-Royce can strengthen its market position and attract affluent customers who seek distinctive and personalized luxury vehicles. This approach not only differentiates the brand from competitors but also reinforces its reputation as a leader in the luxury automotive industry.

BBQ: How can luxury brands like Rolls-Royce leverage customization and exclusivity to enhance their market position and appeal to high-net-worth individuals?

Rolls Royce

Hornby - Back on Track

Model train company Hornby has reported a significant turnaround in its financial performance, thanks to a boost in sales during the festive period. After posting a £5.1 million loss in the six months to September 2023, Hornby entered a consultancy arrangement with billionaire Mike Ashley, which has helped stabilize the company. Sales increased by 7% in the quarter ending December 31, with a notable 23% revenue growth in December alone. Chief Executive Olly Raeburn highlighted the company's success in attracting new customers, particularly during Black Friday, and emphasized the importance of reducing inventory levels and focusing on core brands. This positive performance has led to an 8% increase in overall group sales for the financial year to date, with gross profits up by 10%.

 BBQ: How can strategic partnerships and effective inventory management contribute to a company's financial turnaround?

Hornby

Chicken Hotel Pitches to Dragons' Den

 

A businesswoman has pitched her idea of a hotel for chickens on the BBC TV show Dragons' Den. Katriona Shovlin has been running Hen Weekend Chicken Boarding from her home in Upchurch, Kent, since late 2023. The TV programme - in which contestants pitch a business idea to judges - returns for series 22 on BBC One on Thursday. The chicken hotel grew from a hen house in her back garden to care for abandoned birds. But Ms Shovlin soon was taking care of family pets when their owners were away. She said: "We've had up to 20 chickens here at times from families who are going on holiday or in the process of moving home. "One family read about us on social media and drove all the way from Berkshire for me to look after their chickens." The TV appearance is the hen hotel owner's most high profile in the media so far after previously featuring in national newspapers and on BBC Radios 1 and 2 when the business launched. Ms Shovlin said she had been surprised when the TV producers first got in touch. Viewers can see if Ms Shovlin was successful in her pitch for investment on Dragons' Den.

BBQ - Do you think Katorina got the investment?

Dragons Den