San Francisco set to ban e-cigarettes this weekPosted: Updated:
Here’s the latest business headlines from Cheddar.
The Board of Supervisors will hold a final vote on a measure to ban the sale, distribution and manufacturing of e-cigarettes. This would be the first U.S. city to make the move, and would be a hit to Juul, the e-cigarette maker that was founded and headquartered in San Francisco - and just opened a new office in the city. Juul has been blamed for the significant increase in teenage vaping, despite a historical decline in tobacco usage.
Toys R Us is back. The big box retailer shut down its U.S. operations about a year ago, but will reopen some stores by Christmas. According to Bloomberg, Toys R Us will open about six stores and an e-commerce site. The company has liquidated about 800 locations after entering bankruptcy in 2017. According to reports, the new stores will be smaller, and offer experiential shopping experiences.
Pink Floyd’s David Gilmour auctioned off his guitar collection for $21.5 million. The Indianapolis Colts owner paid almost $4 million for the iconic “Dark Side of the Moon” guitar. This is a record sale, according to Christie’s. The auction raised money for a climate change charity.