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Stock impact report

Carrefour and TerraCycle launch 'Loop' test in Paris to tackle waste [Reuters]

TESCO PLC S/ADR (TSCDY) 
NASDAQ:AMEX Investor Relations: tescoplc.com/investors
Company Research Source: Reuters
Carrefour and TerraCycle launch 'Loop' test in Paris to tackle waste - Reuters 4 Min Read PARIS (Reuters) - French retailer Carrefour and U.S. waste recycling company TerraCycle launched on Tuesday the test for their ‘Loop’ initiative which they hope will tackle the problems of plastic waste threatening to destroy the environment. The ‘Loop’ online platform will allow shoppers in the Paris area to buy orange juice, powder detergent or shampoo in reusable containers that do not result in waste. The initiative was first announced at the World Economic Forum in Davos in January, with over 25 big-name consumer goods and retail partners on board. Users put down a refundable deposit via the Loop website when ordering products, which are delivered in reusable glass and metal bottles, and shipped in a tote bag to shoppers’ doors. Loop then retrieves the empty products for cleaning and reuse. Plastic production has surged over the last 50 years, leading to the widespread use of disposable bott Show less Read more
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