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Reuters reports that Eataly, the upscale Italian-themed gourmet store, plans to open a store in London next year, in a joint venture with Selfridges, the British department store company.

The Eataly website notes that there are 27 Eataly stores in the world - 10 in Italy, 13 in Japan, and one each in New York, Chicago, Dubai and Turkey.

• The New York Times reports that Coca-Cola, which has been suffering through a decline in soft drink consumption, plans to cut its costs by $3 billion a year "through a variety of measures, like revamping its global supply chain. It did not specify how many jobs would be lost as a result."
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