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.
asia & australasia
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 .
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.
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.
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.
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.