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Retail Update - powered by LebensmittelZeitung

Hello, dear reader!
Today is a special day - it is the first anniversary of RetailUpdate. Since the launch on November 18, 2014, our audience has been growing constantly, making it a pleasure to compile the most recent retail and FMCG news from around the world. A big thank you to those who read our daily newsletter and share its content – we couldn’t have done it without you!


Mega deal for Uniqlo   Japan's Fast Retailing, owner of Uniqlo, and Toray Industries have signed a new five-year partnership with the aim of achieving business transactions worth US$ 8 billion between the two companies. Uniqlo is set to become the world's No. 1 brand, according to its CEO. ▪
Improving its image   China plans to step up random quality checks for goods bought online in a bid to take down low-quality goods +++ Three Chinese state-owned enterprises are bidding for German waste management company Energy from Waste, which is seen as a sign that the country gives more freedom to its enterprises. ▪
Louis Vuitton suffers in China   After having recently announced the closure of three China stores, the luxury retailer is preparing to close several more outlets across the country in the coming months. ▪
Discounters thrive in the UK   The shake-up of British supermarkets shows no sign of slowing down as the two biggest discounters, Aldi and Lidl, reach a combined market share of 10% according to Kantar Worldpanel +++ Discount retailer B&M is also confident about its UK expansion. The company reported a revenue increase and opened 47 new stores. ▪
Lidl supports English football    The German discount powerhouse has been appointed official supermarket of the England football team under a multimillion-pound three-year deal with the Football Association to supply fish, fruit and vegetables to players. ▪
Olive industry under scrutiny   A number of Italy's best-known olive oil producers are being investigated for fraud by Italy's antitrust agency after a report in a specialist magazine revealed that 9 out of 20 bottles it tested were not “extra virgin” as labelled. ▪
usa & canada
Billion-dollar beverage deal   Constellation Brands, one of the largest wine producers in the world, has acquired Ballast Point Brewing & Spirits, which is one of the fastest growing beer companies in the US. The deal is said to be worth US$1 billion. ▪
Beating expectations   Retail giant Walmart has pleased investors with higher sales, but warned that profits may continue to decline, while hardware chain Home Depot has beaten analysts’ expectations with its profit and revenue figures. Not so lucky is Walmart-daughter Asda in the UK, where it struggles to combat fierce competition. ▪
Spicing up the offerings   Clothing chain Urban Outfitters will buy Philadelphia-based Italian restaurant chain Vetri Family Group, as it seeks to tap into the rapidly expanding casual dining market. Meanwhile, Radioshack is moving Black Friday over to Wednesday in the hope of enticing holiday shoppers. ▪
Tiger Brands reviews Nigerian business   The Johannesburg-based consumer goods maker has cut off funding to its Nigerian unit and launched a review of its investment in the loss-making pasta and flour maker Dangote Flour Mills. Tiger Brands did not make any profit with the company it acquired three years ago. ▪
Paul partners in South Africa   Logistics company Famous Brands has signed a deal with French bakery chain Paul to become their South African licensed partner. The first flagship Paul restaurant is scheduled to open by the end of 2016. ▪
Attracting global investors   A combination of growth and diminished inflation in Sub-Saharan Africa is proving an irresistible lure for global investors. During the past 10 years, the gross domestic product of the 11 largest sub-Saharan countries increased 51%, according to data compiled by Bloomberg. ▪

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