Hello, dear reader!
Another day, another billion-dollar deal - Diamond Foods, which was rumoured to be acquired by Kellogg's, is now taken over by an American snack food maker. In other news, we feature the most recent results from Woolies to Walmex, and we take a look at the latest developments in the digital world. Enjoy our daily update and don't forget to share it with your colleagues.
asia & Australia
Blackmores and Bega buddy up Australia’s leading natural health brand and the country's number one selling cheese brand, Bega Cheese, have entered a partnership to produce nutritional foods, including baby formula. Blackmores has been a huge winner from surging demand for vitamins in China.
Tesco ties up with Arcadia The British supermarket major has agreed to a deal with Arcadia that will see the clothing giant sell some of its biggest brands in select Tesco stores across the country.
USA & Mexico
Snack food maker buys Diamond Foods Snyder's-Lance, the second largest salty snack maker in the US, has agreed to acquire the California-based food company, specialised in marketing walnuts, for US$ 1.27 billion. Cereal maker Kellogg's was in the run for the company as well.
Solid growth for Walgreens and Walmex Just after its billion-dollar acquisition of Rite Aid, Walgreens Boots Alliance beats the estimates with its fourth-quarter net earnings of US$ 26 million. Walmart Mexico, known as Walmex, has reported strong sales in its third quarter with a 22% increase in profits.
Improving store experience Nebraska-based discount department store chain Gordmans has partnered with OLR, a leading provider of Oracle Retail solutions, to speed up the checkout process.
Rules of mobile retail Retail is like real estate is the conclusion of the annual Mobile Path to Purchase study, which also reveals some notable rules. Retailers are wise to think of how mobile fits into the broader end-to-end shopping experience, thinks Paypal's Dan Leberman.
Social platform turns into shopping channel Visual commerce provider Curalate is releasing Curalate Reveal, a new solution enabling consumers to discover and shop products by clicking on images in blogs.