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Consumer Goods & Retail Headlines

Irish start-up helps local shops compete with online giants

Pointy, a Dublin-based firm with Silicon Valley backers, is solving the problem of how to make it easier for people to find products they want close to home, as shopping online gets easier but locating what you want locally remains elusive.

REFILE-LPC-GNC assesses options after failed loan refinancing

Vitamin and supplement maker General Nutrition Centers’ third failed attempt to refinance an existing US$1.1bn term loan leaves the company with months to avoid a potential technical default if it is unable to refinance before the loan turns current next March with a year until maturity.

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Tillerson seeks to ease skepticism about U.S. State Department reorganization

WASHINGTON Rex Tillerson, dogged by media speculation about how long he will last as U.S. secretary of state, tried on Tuesday to ease skepticism among staff about his leadership and planned State Department reorganization.