Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung

Hello and good day!
Just after Syngenta rejected a billion dollar takeover bid by Monsanto, German's BASF group is considering an offer. Another takeover target is British spirit maker Diageo. In the meantime, insiders ponder about the future of Delhaize and Ahold in the US and the challenges Hudson's Bay might face when buying Kaufhof. Have a great start into the new week.

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asia & australasia
Noodle crisis for Nestlé   India's government has filed for damages from the Swiss giant after reports of excess lead in Maggi noodles. Nestlé's employees have taken to social media to defend the company. Over in the UK, food safety chiefs have ordered tests on Maggi noodles. Meanwhile in New Zealand, the food company is under pressure for altering the recipe of Milo, a classic Kiwi drink. ▪
NZ approves billion dollar merger   The proposed US$ 6.3 billion merger of Staples and Office Depot has received clearance from the Commerce Commission of New Zealand. Staples is to acquire all the outstanding shares of Office Depot, which trades as OfficeMax in New Zealand . ▪
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C-star is China's most international retail show
The first edition C-star was a huge success. On a net exhibition space of 5000 square meters, C-star featured 162 exhibitors from 23 countries. Despite being held for the first time, 5721 visitors from 59 countries and regions came to visit the show, with 18% coming from overseas. This makes C-star China's most international retail trade show.
Join us next year for another exciting edition of C-star!
Australian supermarket challenges   Woolworths will be the first big supermarket chain to sign up to the government's code of conduct which aims to curb unfair treatment of suppliers. This might put retailers' profit under pressure. However, at 5.7 %, supermarket margins in Australia are well above global average. ▪
7-Eleven to enter Dubai  The Japanese convenience store operator has signed a deal to enter the UAE with the first store to open in September and more than 800 to follow in the next 10 years. ▪
 europe
Takeover bids for Syngenta and Diageo   German chemicals group BASF is reportedly considering making an offer for Swiss multinational Syngenta +++ Brazilian Jorge Paulo Lemann, founder of private equity firm 3G Capital, is eyeing a takeover bid for British spirits maker Diageo, which has a market value of about GBP 44 billion ▪
Tracking robots and e-commerce launches    British retailer Tesco is trialing an indoor mapping and analytics robotic system at its fashion departments, tracking its garments +++ Amazon plans to open their fourth logistics center in Poland +++ The Musketeers Group (paywall), owner of the Intermarché and Bricomarché chains, is preparing the launch of an e-commerce platform. ▪
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Delivery Hero values over US$ 3 billion   The Berlin-based food ordering company has raised US$ 110 million from two US-based funds as it prepares for a possible listing. This brings the total raised in primary equity to US$ 1 billion and the valuation of the company to over US$ 3.1 billion. ▪
usa & canada
Walmart stays with Waltons   Rob Walton, board chairman of the world's largest retailer, is stepping down and will be succeeded by vice chairman Greg Penner, who is Walton's son-in-law, cementing the founding family’s influence over the retailer. The company is reportedly “delighted” with the performance of its grocery pickup facility. ▪
La-Z-Boy opens global headquarter   The Monroe-based furniture maker marked the opening of a roughly US$ 60 million facility with a reception. The new three-story building includes open areas and is said to 'blend tradition with innovation'. ▪
Coke exec joins Nike   Jim Scholefield will become CIO of footwear manufacturer Nike, reporting to COO Eric Sprunk. Scholefield most recently served as CTO for Coca-Cola, where he was responsible for its worldwide IT strategy. ▪
Industry insights
German challenges for Hudson's Bay   It wouldn’t be the first time a retailer enters the tough German market with big hopes and gets a rude awakening. The Canadian retailer might have some new challenges if it will be the winning bidder for department store operator Kaufhof ▪
Ahold and Delhaize need each other   Analysts in Europe estimate the merger between the two companies in the US has a better than 70% chance of happening. Supermarket News lists five reasons, why Ahold and Delhaize are made for each other. ▪

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