Hello and good day!
The acquisition mania continues, with Thailand's largest retailer, Central Group, announcing yesterday it will buy German department stores, including historic KaDeWe in Berlin. Campbell Soup will acquire Garden Fresh and P&G is offered billions for its beauty brands. We will let you know which blockbuster deal crosses the finish line first.
asia & australasia
Announcements from Woolies and Myer Australian supermarket operator Woolworths has unveiled plans to invest more than AU$ 500 million in new supermarkets and distribution infrastructure in Victoria +++ Competitor Myer has appointed Grant Devonport as CFO to replace Mark Ashby, who is leaving Australia to take a job in the US.
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!
Fonterra cuts jobs The New Zealand-based global dairy giant says it will be laying off hundreds of its 1,500 head office and support function staff in a major reshape of the business following the global decline in dairy prices.
Thai multi on shopping spree in Germany Central Group, Thailand’s largest retail conglomerate, is to buy a majority stake in three luxury department stores in Germany and will own 50.1% of The KaDeWe Group. After earlier mergers in Italy and Denmark, the acquisitions will double the Thai retailer's sales in Europe to EUR 1.2 billion annually.
Danish Crown grows in Sweden KLS Ugglarps AB, a subsidiary of Europe's largest pork producer, Danish Crown, has agreed to take a majority stake in the slaughterhouse Dalsjöfors Slakteri in Sweden. If approved, the deal will increase Danish Crown's revenue by approx. DKK 1 billion a year.
Delhaize Belgium teams with Profitero The international food retailer will now power its competitor pricing intelligence with a solution from Profitero, a leading global provider of eCommerce solutions. Meanwhile in the UK, Marks & Spencer, Waitrose, Spar, Boots and Pret a Manger are among the high street retailers that will introduce Apple Pay next month.
usa & canada
Campbell expands outside the can US food giant Campbell Soup has agreed to buy salsa maker Garden Fresh Gourmet for US$ 231 million. The company looks to keep pace with consumers’ increasing interest in fresh products as they lose their taste for its trademark canned soups.
Billions for beauty brands Procter & Gamble has reportedly received multi-billion dollar bids for its beauty brands. Henkel & Co and Coty Inc. submitted bids worth a combined $12 billion. Other bidders were multiple private equity firms.
Convenience stores under scrutiny Shoppers prefer convenience stores over supermarkets. That is the result of a study from VideoMining Corp. Convenience stores are the most used format for top-up shopping, with 60% of shoppers visiting them for this type of trip, according to IGD’s latest Shopper Vista research.
Italians love organics An estimated 18.4 million Italian families purchase organic products, according to a Nielsen study commissioned by Assobio, the association representing processing and distribution companies of organic products.