One of the main contestants in the price war Down Under is an old acquaintance from the sieges fought on the British Isles - German discount giant Aldi. But US discounter Costco too, plays its part in putting a threat to the established supermarkets in Australia. Find out about the grocery battlefields in the Southern hemisphere and more in today's issue.
ASia & Australia
Valuation obstacle in Jabong sale Potential buyers of the Indian fashion e-tailer Jabong, a venture of German Rocket Internet, have opted out of acquisition talks due to valuation mismatch.
Before the acquisition, after the sale Following the approval of the Competition and Markets Authority, British Dairy Crest will complete the sale of its dairies division for GBP 80 million to German dairy product giant Müller in December +++ In its first financial report since selling the Galeria Kaufhof department stores, German retailer Metro AG reported results that met analysts’ estimates.
Foreign traders not welcome In Ghana, local traders have revived threats to eject traders from neighbouring states and other foreign nationals operating in the country's retail sector.
Service sector dominant According to latest data from UN Conference on Trade and Development, the services sector will become the main engine of growth in sub-Saharan Africa as agricultural exports continue to decline and the manufacturing sector remains stagnant.