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British fashion chain LK Bennett to file for administration

Premium womenswear, leather footwear and accessories retailer, LK Bennett is preparing to appoint administrators as the Company struggles to reverse an operating loss of nearly £6 million (US$7.95 million) on sales of £77.4 million (US$102.58 million) in the year to 29 July 2017, with pre-tax losses rising to £48 million (US$63.59 million) in the period.


Cargill to close Wisconsin beef plant

Cargill Inc. said July 30 it is closing a Wisconsin beef plant that employs 600 workers, the latest example of how tight cattle supplies are making the U.S meat business tough.