• In the UK, City AM reports that Tesco plans to sell off its Giraffe restaurant chain there, as well as its Kipa supermarket chain in Turkey.
"The news comes," the story says, " as Tesco CEO Dave Lewis is trying to sell off the supermarket's loss-making businesses to plug gaps in the balance sheet." Lewis also is said to be looking to sell Harris + Hoole, the chain of coffee shops, and Dobbies, a garden centres business.
• Fortune reports that meal kit delivery startup Blue Apron is considering going public, with the possibility of an IPO sometime in the next year. According to the story, Blue Apron "has held preliminary talks with investment banks about raising additional capital including the possibility of raising funding through an IPO in the next year. The company would be valued around $3 billion in an offering."
"The news comes," the story says, " as Tesco CEO Dave Lewis is trying to sell off the supermarket's loss-making businesses to plug gaps in the balance sheet." Lewis also is said to be looking to sell Harris + Hoole, the chain of coffee shops, and Dobbies, a garden centres business.
• Fortune reports that meal kit delivery startup Blue Apron is considering going public, with the possibility of an IPO sometime in the next year. According to the story, Blue Apron "has held preliminary talks with investment banks about raising additional capital including the possibility of raising funding through an IPO in the next year. The company would be valued around $3 billion in an offering."
- KC's View:
