Hello and good day!
German Retail Blog had the unique opportunity to speak to representatives of two industry market leaders: Peter Boone, Chief Innovation & Quality officer at chocolate manufacturer Barry Callebaut, and Paolo Barilla, vice-chairman of pasta maker Barilla. Don't miss the exclusive interviews with these insiders. Enjoy the read.
asia & australia
Chinese appetite for dairy from Down Under Richard Liu, founder of JD.com, China's second largest online retailer, has spent about AU$ 20 million on a stake in Australia's biggest milk processor Murray Goulburn. A couple of weeks ago, Liu expressed interest to buy a stake in A2 milk company.
Lotte unveils results The South Korean hypermarket company, which reportedly wants to broaden its operation in Indonesia, is expected to report US$ 53.3 billion in sales for 2014 when it unveils consolidated financial results for the first time.
Bargain Booze in takeover talks Conviviality Retail, which runs convenience stores under the Bargain Booze banner, has confirmed plans to acquire UK's biggest drinks supplier, Matthew Clark.
Primark to debut in Milan The British clothing retailer plans to open three stores in Italy. The company already has stores in Germany, the UK, France and Spain. It also wants to open a store in the US in September.
usa & canada
Coty buys P&G brands Consumer products giant Procter & Gamble has agreed to sell its portfolio of 43 beauty brands to the beauty products maker Coty for US$ 12.5 billion. The deal is part of P&G.s efforts to shed more than 100 brands and focus on about 10 core product lines.
More online payment options On Thursday, American Express launched Amex Express Checkout, an alternative online payment method that its US card members can use to check out and pay on partnering websites and apps.
Why online retailers kill websites When online retailers such as Flipkart and Myntra shut down websites and go app-only, they point to the ubiquitousness of mobile phones to explain their strategy. This might make sense, but why eliminate the website altogether? The probable answer lies in the cookie.