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While McDonald's shuts down a number of stores in Japan, Taco Bell gives the country another go. Meanwhile in Down Under the technology giant Microsoft is set to launch a flagship store. Read about these ventures in foreign markets, online strategies, acquisition plans and the changing face of a continent in our Tuesday issue.
asia & south pacific
Closings and openings in Japan Fast food giant McDonald’s will axe 131 stores in Japan, revamp its menu and refurbish 500 stores this year as it tries to reduce a projected US$ 319 million loss +++ US-competitor Taco Bell returns to the country after pulling out several decades ago and will open a restaurant in Tokyo in April.
Targeting Australia Microsoft will open its first flagship store outside of North America, at Westfield Sydney later this year +++ Denmark-based food packaging manufacturer Faerch Plast is targeting Australia as part of a global expansion strategy.
Spanish retailer Dia gets approval Following the announcement last November that Dia was seeking to acquire 160 Eroski outlets, the Spanish competition watchdog announced that it has given approval to the deal. However, instead of 160 stores the retailer is only taking over 144 stores for the time being.
usa & canada
Tru-Cape expands South African apple and pear distributor Tru-Cape has completed a new facility to expand operations with big plans to increase volumes for African neighbours, including Mozambique, Lesotho, Tanzania and Botswana.
A continent in change The developing economic situation across Africa indicates that the historic scenario is beginning to change. A boost in population, a rising middle class and greater impact from the service and manufacturing sectors indicates that this continent could be the next big thing.