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

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More billion-dollar deals are being struck. This time, in the US' food and in the finance sector and those majors are not even the only deals covered in today's issue. Aside from acquisitions, other stories include a heavy investment in India, European and Australian products on Chinese shopping portals, and good intentions proclaimed by a number of European retailers.

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asia
Logistics upgraded   In a huge investment push India's largest e-tailer Flipkart is planning to invest about US$ 2.5 billion in its logistics network. The biggest business park of its kind in China will be built by  the Jingdong Group, owner of shopping site JD.com. The rapid development of the logistics industry in China has raised the demand for modern facilities ▪
Mobile phone market broadened   Chinese smartphone maker Xiaomi will be making its products available in South Africa, Nigeria and Kenya as it continues its overseas expansion. Competitor Huawei will expand the reach of Honor smartphones in India, where it ended its exclusive deal with Flipkart.   ▪
Western products on China's portals   Alibaba is to link up with top brands in the Netherlands to introduce them to its gigantic Chinese customer base +++ Sydney-based CarePlus has quickly generated AU$ 30 million in revenues selling health foods and vitamins on Chinese online shopping sites. ▪
europe
Deals wrapped up   British-based stationery chain Paperchase has secured multi-million pound funding in a deal to drive its expansion in Britain and overseas +++ Nomad Foods has completed the GBP 500 million acquisition of the European arm of Findus. ▪
Good deeds announced   Morrisons will become the first supermarket chain in the UK to donate all of its surplus food to charity +++ Germany's Rewe Group is calling its customers to support a new charity donation scheme +++ The world's largest furniture retailer, IKEA, will become the first major retailer to use 100% cotton from more sustainable sources for its products. On another note, IKEA trials its first click-and-collect store in the UK. ▪
Figures increased   British luxury department store retailer Selfridges has reported record sales and operating profits +++ Luxembourg-based packaging company Ardagh Group has posted a 7% rise in revenue for the third quarter of the year +++ Recovering from a negative trend, Russian retailer O'Key Group's total revenue increased by 7.9% year-on-year for Q3. ▪
USA
Billion-dollar acquisitions   Packaged foods company ConAgra Foods sells its private label operations to TreeHouse Foods for about US$ 2.7 billion as part of its plan to focus more on name brands +++ The world's largest payments network, Visa, is to acquire Visa Europe in a deal valued at as much as EUR 21.2 billion. ▪
New spaces, new dates   Department store chain Sears is venturing into new spaces with the launch of its new home services market website +++ Organic supermarket chain Whole Foods has extended its distribution partnership with UNFI until 2025 . ▪
Taking control   South-western grocery chain Fresh & Easy, which has filed for Chapter 11 bankruptcy protection, has appointed Amir Agam as chief restructuring officer +++ Felicia Thornton, who has worked for Kroger and Albertsons, is now 99 Cents Only Stores' new CFO, and Don J. Clark has been named as global VP of purchasing for non-perishables by Whole Foods ▪
 trends to watch
Majors trade globally   The results of a study by Consumer Goods Forum and Planet Retail show that internationalisation is still on the agenda of major players with international trade accounting for 35.3% of their total sales in 2014. ▪
Chinese investment in R&D booms   According to strategy+business' 2015 Global Innovation 1000 report, investment in research and development by Chinese companies has boomed. The world’s top-1,000 biggest spenders in R&D include 123 Chinese companies, up nine from last year. ▪
Gift cards on the wish list    Sales for gift cards are forecast to grow 5% to US$ 130 billion this year, and digital gift cards are on track to double to US$ 14 billion by 2017. ▪

 


 

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