Hello, dear reader!
Alibaba and Apple never fail to surprise. Both giants beat analysts' expectations when reporting results. Britain's Shop Direct and Spain's Dia also enjoyed profit surges. Other FMCG companies and retailers, however, are more concerned about mergers, delivery options and store formats. Enjoy the read and don't forget to spread the word if you like our daily brief.
asia & australasia
Shaking off China's slowdown Online emporium Alibaba reported a 32% rise to US$3.5 billion in second-quarter revenue, beating analysts' predictions. Huawei Technologies is on track to be the fastest-growing major smartphone supplier this year, and e-commerce majors Tencent and JD.com have joined forces to change mobile marketing in the country.
Amcor buys US company Australian-based packaging giant Amcor will expand its rigid plastics business in the US after acquiring Ohio-based Encon for US$ 55 million. The acquisition will deliver operational synergies, Amcor said.
Supermarket sued by staff Thousands of Morrisons' employees are to sue the supermarket giant in what is believed to be Britain’s biggest ever claim in relation to a breach of data security. This is costing the company more than GBP 2 million to rectify.
Decisions in Serbia and Poland Serbian retail chain DIS seeks to grow with two new store formats and the introduction of quality products after a disappointing 2014. Meanwhile, Warsaw-based retail group Empik Media & Fashion (paywall) is considering getting rid of its subsidiary, department store chain Smyk.
usa & canada
Creating a drugstore giant Another mega merger in the pharmacy sector sees Walgreens Boots Alliance acquiring Rite Aid for US$ 9.41 billion. The deal will combine the second- and third-largest US drugstore chains respectively. Including assumed debt, the transaction is valued at US$ 17.2 billion.
Latin America & Africa
Sephora finds Brazilian partner The cosmetics retailer has selected a new supply chain partner, logistics company Ceva, to accelerate its business in Brazil. In its home market, Sephora has just opened the doors of its flagship digital store in Paris, France.