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Retail Update - powered by LebensmittelZeitung

Greetings!
The three European coke bottlers have finally merged and formed the world's largest bottling company, Coca Cola European Partners. The world's second biggest producer of premium vodka is set to grow in Europe. German Retail Blog talks to its CEO about expansion plans. Enjoy the read.


asia & australasia
Metro on the hunt after Asian deal   The German retail conglomerate says it's hunting for further targets after the acquisition of Singapore-based Classic Fine Foods Group from private equity firm EQT for US$ 328 million. Over in Germany, shares of Metro AG were gaining around 4% after the company reported a net profit in its third quarter. ▪
Kiwis in takeover fever   Seeka Kiwifruit Industries, New Zealand’s leading kiwi fruit exporter, is set to acquire Australian produce business Bunbartha Fruit Packers +++ Auckland-based Briscoe Group sticks to its takeover offer, even after outdoor retailer Kathmandu rejected the proposal yesterday. ▪
Snapdeal enriches experiences   India’s second-largest e-commerce website launched new fashion portal Findmystyle in a step to boost shopping experience online. The company also confirmed the acquisition of Fashiate (paywall), a Bengaluru-based technology start-up, and is about to hire Aircel's Anup Vikal to replace Aakash Moondhra as finance head. ▪
europe
Aldi hires on both sides of the Atlantic   The German discount supermarket plans to expand its UK operation with a GBP 600 million investment, opening 130 new stores and hiring 8,000 employees. Over in the US, the company is looking to fill more than 2,500 open positions during the month of August. ▪
Bottling giant established    As announced last week, three European coke bottlers have agreed to form Coca-Cola European Partners, which will be the world’s largest independent bottler of Coke drinks. Over in China, Coca Cola kicked off its new plant construction with a US$ 50 million investment. ▪
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Shakeup at Allied Bakeries and Coop   In a bid to cut costs, Kingsmill, the owner of Allied Bakeries, is set to axe 23 management and admin positions +++The Co-operative Group has appointed Mike Bracken as chief digital officer to drive the group’s digital content and strategy. ▪
Adidas tees up Taylormade  The German sportswear giant has put its golf division, which includes the world’s biggest golf brand, Taylormade, up for sale as the popularity of the sport wanes. The company also announced it has bought fitness app Runtastic, which has 70 million users.  ▪
usa
Jet.com runs into turbulences   Dozens of America’s largest retailers, including Macy’s, Amazon.com and Home Depot, have disassociated themselves from new discount retail website Jet.com. The retailers complained it had placed links to their sites without permission and demand that they be removed. ▪
Robot army for same-day delivery   Louis Borders, founder of the now defunct same-day delivery service Webvan, is working on a robotic warehousing system, where less than 10% of orders will be touched by a human; the rest will be picked and packed exclusively by a robot army. ▪
Sycamore buys German merchandiser   The New York-based private equity firm, specialised in retail and consumer investments, announced that it has acquired E.M.P. Merchandising Handelsgesellschaft, a Germany-based multi-channel retailer of rock music- and entertainment-inspired apparel and accessories. ▪
interviews with insiders
Talking vodka   Russian standard, the world’s second largest producer of premium vodka, is set to grow in Europe. Global CEO, Australian Grant Winterton, thinks Germany, France and the UK are emerging markets and talks to German Retail Blog about the company’s expansion plans. ▪
Solving problems   What motivates CEOs to solve the world’s big social and environmental problems? Professor and author Steve Schein wanted to know, so he interviewed corporate sustainability executives  to find out what makes them tick and talks about his findings. ▪

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