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Hong Kong-based Jardine Group is planning to open 20 new Pizza Hut stores in Myanmar, it looks likely that UK retailer Morrisons will be demoted from its rank of one the UK's top- 100 companies and US retailers Target and The Home Depot have reached agreements over data breaches. All these stories and more feature in today’s issue. If you enjoy the read, please share.

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asia & australia
Big W exec joins Dick Smith   What was mere speculation yesterday is news today — following yesterday’s resignation from Big W, Algy Pereira has been appointed director of retail operations at Dick Smith. The electronics retailer is reportedly preparing to launch a "70% off everything" sale this weekend. ▪
Pizza Hut coming to Myanmar   As a result of its joint venture with City Mart Holdings, Hong Kong’s Jardine Group is planning to open 20 Pizza Hut stores in Myanmar over the next five years. The first store has just opened in Yangon, and the second is planned for early 2016. ▪
Malaysian mall dedicated to food   A new shopping mall scheduled to open in 2016 in Malaysia’s capital, Kuala Lumpur, will focus on food. The four-story Damansara City Mall will dedicate 75% of its 17,652-square-meter letting space to food and beverage. ▪
europe
McDonald’s under investigation   The burger giant is being investigated by the EU for tax evasion. This follows a deal between McDonald’s and Luxembourg to reduce the company’s tax liability. ▪
Morrisons drops out   Amid the ongoing supermarket price war, the British retailer is likely to be demoted from the list of the UK’s largest companies. It comes after a difficult year for the supermarket as it struggled to fend off heavy competition from Aldi and Lidl.  ▪
Waitrose hires head of hospitality   The UK supermarket chain has appointed former head of Prêt à Manger’s coffee and product launches, Rebecca Hemsley, as head of hospitality operations. She replaces Jill Dewar whom has been appointed as John Lewis’ head of store format. ▪
usa
Yahoo considers selling Internet business   Activist shareholder Starboard Value has demanded that Yahoo sell its Internet services. If approved, the move could help the company avoid a tax bill looming over its holdings in China’s Alibaba Group of over US$ 10 billion. Alibaba may be the best suitor; at minimal cost, a deal would allow Jack Ma to expand the company’s footprint. ▪
Agreements reached   In a continued effort to reduce its losses caused by a massive data breach in 2013, Target Corp has reached another settlement milestone with Mastercard and several banks. It will see them paying $US 39 million. The Home Depot Group has also reached an agreement with Mastercard over a data breach in 2014. ▪
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tends to watch
Consumers losing sweet tooth   Two-thirds of UK consumers are reducing their sugar consumption, according to new research from Mintel. Part of a Europe-wide survey, the research found that 63% of Spanish, 59% of French, 51% of German and 64% of Italian consumers are doing the same. ▪
Online goes offline   A number of e-commerce companies, including Flipkart and Pepperfry, are opening physical stores. They are doing this as a way to stand out in an increasingly crowded market and give their customers a touch-and-feel experience. ▪
Smarter labels for transparency   Thanks to a new initiative by retailers and manufacturers, food products will soon have SmartLabels  with QR codes that will lead consumers to dedicated website landing pages detailing product ingredients. ▪

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