Hello and good day!
Apple remains in the headlines. This time it's the impressive profit jump of the Californian tech giant, which is continuously beating the expectations of Wall Street and keeping the analysts busy. Restaurant Brands, too, reports whopper sales. Today's issue informs also about management reshuffles, partnerships, alliances and a lot more.
Top retailers will meet at C-star
C-star is the official satellite event of EuroShop, the world's largest retail trade fair, and will take place on May 13-15 2015 in Shanghai. At C-star you will see the latest retail trends and developments geared to the needs of the Chinese market. With a comprehensive supporting program, C-star will be the perfect place to conduct business and expand your knowledge.
Come and join us at C-star!
Korean e-tailer enters Malaysia 11street, Korea’s largest online marketplace, has launched in Malaysia. The company will invest more than US$ 10 million and plans to have 11,000 sellers on board by the end of this month.
Metro teams up with Markant Buying group Markant takes over settlement of the German merchandise business of Metro Group’s Metro Cash & Carry and Real hypermarket division. The migration will be implemented in several steps.
Capgemini buys US rival French technology company Capgemini is paying about US$ 4 billion to buy US rival Igate and expand its presence in North America. Capgemini's clients are mainly in the retail, manufacturing and health care industries. Igate has a global employee base of 33,000.
usa & canada
Sobeys acquires Coop Atlantic Canada's second largest grocer, Sobeys, has sealed an agreement to buy the majority of Coop Atlantic, which is looking at selling its grocery and gas assets, including 170 supermarkets and convenience stores that operate under the banners Co-op, Valufoods, Village Mart and RiteStop.
US retailers sued over factory collapse One of the deadliest disasters in the history of the garment industry, the collapse of an eight-story garment factory in Bangladesh in 2014, has led to lawsuits aimed at a group of retailers. Among them are Walmart and J.C. Penney.
Ebay supports Google in Brussels A report by Financial Times revealed that Ebay’s CEO John Donahoe spoke out in support of Google as the search-engine giant defends itself in an antitrust case lodged in Brussels, Belgium.