Walmart delivers quarterly update Sales at the world's largest supermarket chain rose 8.4% to $152.9bn in Walmart's fiscal second quarter to 31 July, above analysts' estimates of $151.1bn. The result was driven by lower fuel prices and wealthier customers seeking bargains. Read more.
Grounded Kitchen to ramp up UK expansion Korean-inspired restaurant Grounded Kitchen is looking to open 50 new UK sites in a £15m investment. The ten-strong business, which launched in Leicester in 2017, is planning to sign up franchisees for up to 25 sites at a time, creating over 500 jobs. Read more.
Inc&Co acquires Maker & Son Furniture brand Maker & Son, which produces range of sustainable luxury sofas and beds and is independently valued at £55m, has been acquired by Manchester-based business group Inc & Co, which also recently invested in leather brand KNOMO London. Read more.