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

Greetings!
Chinese investment in Africa is more diverse than one would have thought. It's about building infrastructure in exchange for natural ressources. Get also informed in today's issue about recent developments at Woolworths SA, accusations against Nestlé in the US and the Bitcoin market in India.


asia & Australia
Aldi Australia still on the hunt   After a successful recruitment period for its first South Australian store, the German discount powerhouse is ramping up its hiring efforts with more than 100 job offers +++ Meanwhile, legal proceedings have been taken against a 7-Eleven store in Sydney, which allegedly underpaid two migrant employees almost A$ 50,000. ▪
Asia Fruit Logistica grows significantly   The international trade show for fruit and vegetables, which takes place on 2-4 September in Hong Kong, has grown by a third this year. More than 550 companies from 40 different countries will exhibit their products and services. ▪
Buying with Bitcoins   It’s still early days, but bitcoins are quickly transitioning from being trading units to shopping currency in India. Currently the country has around 50,000 bitcoin enthusiasts, with 30,000 of them actually owning the currency. ▪
europe
Take-over target Green Giant   Snacks firm B&G Foods is reportedly in discussions to buy the frozen and canned vegetable business Green Giant from General Mills, which has already received offers from French food firm Bonduelle and some private equity firms. ▪
Ocado gears up   British online grocery delivery service Ocado positions itself to take on US giant Amazon on the international stage. New recruits are being hired to work on major overseas projects, and in the UK. The company wants to provide grocers with all the technology they need to run an online service. ▪
Investments in Russia   Revival of Reindeer Breeding Development, a local venture in Kamtchatka Oblast, is set to invest in venison production. The company plans to produce 30 tonnes of venison per year +++ Motorola, once the mobile phone sales leader in Russia, considers a return to the market. Current owner, Lenovo, is already in negotiations with retailers. ▪
usa & canada
Amazon to pay Top Gear team millions   The online giant, which has reportedly laid off dozens of engineers because it is giving up on Fire Phone, is prepared to pay controversial TV presenter Jeremy Clarkson a whopping US$ 15 million a year for a new car show. ▪
Improving shopping spaces   The Privately owned supermarket company Raley’s Family of Fine Stores will debut  with a new, small-format store in California in 2017 that focuses on health and wellness +++ Lifestyle retail chain Boot Barn is kicking off a set of store openings in Texas and will also have completed a remodel of their superstore. ▪
Food companies under scrutiny    Swiss food giant Nestlé is being sued in the US for allegedly using a Thai supplier linked to slave labour +++ Canadian meat wholesaler Kapowsin Meats has suspended operations after the US Department of Agriculture (USDA) said it hadn’t done enough to tackle Salmonella. The company had to recall more than 523,000 pounds of pork. ▪
africa
Woolworths removes sweets   In a bid to provide healthier alternatives, the South African retailer is removing all chocolates and other sugary goodies from its checkout queue. Woolworths' full-year profit climbed 24% thanks to Australian department-store chain, David Jones, which had been taken over last year.  ▪
Massmarts paints bleak picture   The Walmart-owned retailer expects trading conditions to remain constrained and has reported operating profit growth of 12.7%, which was lower than it had hoped. Food prices in South Africa are set to rise due to the ailing rand and a devastating drought. ▪
Chinese investments   Chinese investments in Africa are diverse and welcome. In the period 1998—2012 about 2,000 Chinese firms invested in 49 African countries, often in multiple projects. ▪

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