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

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. 

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asia & australasia
Tesco gears up for South Korean deal   The British supermarket operator, which has just reclaimed its position as Ireland’s number one grocery retailer, has invited at least six firms, including KKR & Co and Carlyle Group, to bid for its South Korean unit Homeplus, valued at about US$ 6 billion. ▪
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. ▪
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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!
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. ▪
 europe
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. ▪
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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.   ▪
Enhancing customer service   Wakefern Food plans to add blood-sugar testing as one of the health and wellness services it offers at its ShopRite stores +++ Food Lion has improved its website, based on customer feedback, and offers a personalised shopping experience +++ Raley’s Supermarkets is re-launching its e-commerce offering using technology from Unata. ▪
consumer behaviour
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. ▪

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