Hello and good day!
Another day and more top-level changes, mainly in Britain. Read about the management merry-go-round, defence and growth strategies, unexpected jumps in sales and takeover plans. Get informed about Amazon's new friendship with major publishers and the pressure US tech giants are facing in Europe.
Legoland anchors Shanghai mall Merlin Entertainments will open its first Legoland in China at Parkside Plaza shopping centre in Shanghai. Plans are already in place for the 3000-sqm attraction. Opening is scheduled for 2016.
Vingroup aims to be Vietnam's biggest retailer Property developer Vingroup announced it will acquire Vinatexmart, the retail arm of the Vietnam National Textile and Garment Group Vinatex. The deal includes 39 Vinatexmart outlets, 14 Vinmart supermarkets and 23 Vinmart+ convenience stores across Vietnam.
99 Cents Only and Pet Supplies Plus expand Price-point retail chain 99 Cents Only plans to open nine new stores in Arizona, California and Texas +++ Pet Supplies Plus, America's largest pet retail franchise with more than 300 locations, announced it has signed six new franchise agreements.
Ahold US increases wages Supermarket chain Giant-Carlisle, a subsidiary of Ahold, said it would increase its starting associate wage to US$ 9 per hour beginning in June. Walmart and Target previously announced plans to increase minimum pay this year.
Staples recycles The office supply chain store operator has collected 450 million ink and toner cartridges for recycling and is about to launch a new interactive energy calculator that allows customers to compare their own energy consumption to other homes.
Developments to watch
US Tech giants under scrutiny in Europe Apple, Google, Facebook and Amazon face intensifying scrutiny by European regulators, a pressure that could potentially curb their sizable profits in the region and affect how they operate around the world.
Amazon and HarperCollins renew friendship After Amazon mended its relationships with some of the biggest publishers last year, it is now HarperCollins' turn to make peace with the e-commerce giant. Both companies have signed a multi-year contract.