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More mergers and acquisitions have been announced over the last few days. In Britain, Majestic Wines has acquired online rival Naked Wines. In the US, Amazon has bought start-up Amiato and in India, Flipkart partners with a delivery company. Read about the latest alliances, profit reports and new beginnings.
asia & australia
Coles to pay million-dollar fine The Australian supermarket giant has been fined A$ 2.5 million and ordered to pay costs after breaking Australian Consumer Law by falsely advertising bread products as "freshly baked" and "baked today". The penalty has prompted criticism.
Alibaba strengthens cloud computing The Chinese e-commerce company has formed an automotive unit and a 'smart living' division as it ramps up its cloud computing, hardware and big data operations. The company is racing to introduce internet and computing capabilities to various kinds of everyday products.
Flipkart partners with Dabbawalas The online marketplace has connected with new delivery partner 'Dabbawalas' of Mumbai to ensure last mile delivery to consumers. It is also experimenting with a crowd-sourced delivery model that will connect local sellers and buyers and reduce delivery times.
Majestic Wines buys Naked Wines Britain's largest wine retailer is to acquire online rival Naked Wines. The GBP 70 million deal sees the founder of the six-year-old internet retailer, Rowan Gormley, take charge of the enlarged group. The question is whether he is able to revitalise Majestic Wines.
Sainsbury's angers customers On Saturday, the British supermarket operator halved the number of points customers could earn with loyalty card Nectar. The scaled-back reward scheme is seen as a sign of increased market pressure. Disgruntled shoppers took to social media sites to voice their anger.
usa & canada
Zeder to acquire Capespan South African agribusiness investor Zeder has confirmed its ‘firm intention’ to buy out the minority shareholders of produce company Capespan, in which it already holds a majority shareholding.
Apple to open office in South Africa The software icon is establishing an office in South Africa. It’s the first time it will have a direct presence in the country since 1999. Insiders are guessing now whether the company will finally open its own retail stores there.