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Alliances of all sorts dominate today's retail headlines. Delhaize and Ahold have confirmed their merger plans, which would create one of the largest supermarket operators in the US. Silicon Valley newcomer Tango teams up with Alibaba and Walmart while German-based Henkel acquires in Australia.
asia & australia
Aditya Birla buys hypermarkets India's domestic retail sector is poised for further consolidation as the Mumbai-based multinational group Aditya Birla agreed to acquire the hypermarket business of Jubilant Industries.
Tesco closes all Homeplus stores The British retailer is to close its last six Homeplus stores in the UK with the potential loss of about 450 jobs +++ Tesco and Supervalu have each captured 25% of the grocery market in Ireland over the past 12 weeks, whilst Aldi and Lidl posted single digit growth for the first time in five years.
usa & canada
Walmart teams up with Tango Messaging service app Tango is making its foray into mobile commerce by partnering up on a new shopping feature with retail behemoth Walmart and e-commerce giant Alibaba. The alliance will help the retailers in the ongoing struggle to lure Web shoppers from Amazon.
Ahold and Delhaize confirm talks The Belgian and the Dutch retailer are discussing a possible merger that would have enormous implications for the US grocery market. Kroger CFO Michael Schlotman reflects on the consequences of deals like this.
south africa & brazil
Choppies poised to grow Botswana-based grocer Choppies is said to use its planned JSE listing on May 27 to grow in South Africa. The company also aims to tap into Africa’s faster-growing economies and will open its first stores in Zambia and Tanzania this year.