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Retail Update - powered by LebensmittelZeitung

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India's Reliance group is investing in e-commerce and reopening private fuel stations. Sony brings its smartphones to China and India. Suntory Beverage is one step closer to Coca Cola in Japan and South African-based food companies reveal their most recent results. Read these stories and a lot more in today's issue.


asia & australia
More execs leave Woolworths   Australia's largest food retailer has lost at least two senior executives and another two are reportedly eyeing the exit doors as the company simplifies management structures while German discounter Aldi gets Australian economists analysing its success.  ▪
Suntory acquires from Japan Tobacco   Osaka-based brewing and distilling company Suntory Group plans to buy the soft-drinks operations of Japan Tobacco for US$ 1.2 billion, bringing the drink company a step closer to catching up with market leader Coca-Cola in Japan. ▪
Reliance group invests   The Indian conglomerate plans to boost its e-commerce business and accelerate store openings in select formats. The Mumbai-based company will also reopen 1,400 private fuel stations around India this year following a government decision late last year to deregulate diesel prices. ▪
Competitive smartphone market  Japanese electronics multi Sony tries to win back market share in Asia. The company launches its flagship Xperia Z4 in China and its mid-range smartphone Xperia M4 Aqua in India today, while Motorola, Xiaomi and HTC smartphones are available on discount in India ▪

 

europe
Premier Logistics distributes for Blueberry   Transportation solution provider Premier Logistics has announced that it has won a contract to handle freight distribution for British speciality food supplier The Blueberry Group. ▪
Benckiser deal in jeopardy   The Competition and Markets Authority  has expressed its concern over the potential purchase of the K-Y Jelly brand by Reckitt Benckiser from Johnson & Johnson. The deal could lead to higher prices for personal lubricants. ▪
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Crunch time for milk prices   Danish dairy company Arla Foods has reduced its global farmgate milk price by 1 eurocent per kg yesterday due to ongoing negative trends in the commodity markets. Analysts are expecting global dairy giant Fonterra also to reduce its forecast this week because of low GlobalDairyTrade prices. ▪
usa & canada
Amazon in dispute with Penguin   The online giant, which sells around 90% of all books online, and the world’s biggest publisher, Penguin Random House, are reportedly arguing over the terms of a new contract for online sales. Just yesterday, Amazon India launched its new Solar Power Store offering consumers an array of green energy options. ▪
Data breach settlement failed   The proposed US$ 19 million deal between Target and Mastercard over the retailer's 2013 data breach fell through after not enough banks accepted the settlement. Target is still negotiating with Visa over losses from the breach. ▪
Foot Locker beats expectations   The sportswear and footwear retailer reported a better-than-expected 14% increase in profit in its first quarter amid continuing sales growth. The company posted earnings of US$ 184 million, up from US$ 162 million last year. ▪
South africa
Food companies reveal results   Rhodes Food Group, producer of convenience foods, reported a 52.6% rise in profit +++ The decision to separate its egg and chicken producer Quantum Foods from its core business seems to be paying off for Pioneer Foods and Fast-food franchise group Famous Brands reported record turnover and profit.  ▪
Krispy Kreme enters South Africa    The global doughnut company and coffeehouse chain is set to enter the African market and plans to open 31 stores over the next five years. Over in the U.S., 11 store openings are in the pipeline. ▪

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