Hello, dear reader!
The value of mergers and acquisitions has hit an all-time high with more than twice as many 'mega deals' than last year. The takeover of a US coffee company by a private investor for nearly US$ 14 billion is just the latest example. However, not all deals go smoothly. Some companies have second thoughts, others have to deal with antitrust issues. Get informed about the most recent M&A developments.
asia & south pacific
Alibaba partners Down Under Australia Post has sealed a partnership with Alibaba's B2B business 1688.com. The country’s winemakers were the first to sign up for the new postal service, selling their wines to China. Other beverage news has the launch of Pure Scot this month, the first Australian-owned whisky, ready for its global rollout.
E-commerce to increase threefold The digital commerce market in India is expected to reach US$ 128 billion in 2017 from US$ 42 billion now with majority of the business likely to be driven by mobile and internet penetration according to a joint study by Deloitte and Assocham.
Kaufland commits to higher wage The retail giant, owned by Germany’s Schwarz Group, one of the country's leading hypermarket operators, will raise its minimum wage to EUR 10 per hour, starting 1 January, 2016.
usa & canada
Merger intensions Atlanta-based Newell Rubbermaid is reportedly interested to merge with New-York based company Jarden, a maker of household products and appliances +++ Reckitt Benckiser considers acquiring Pfizer’s consumer-health unit if it comes up for sale in the wake of the Viagra maker’s merger with Allergan.
Nordstrom supports startup The upscale fashion retailer is expanding its partnership with California startup Shoes of Prey that allows women to design their own fashionable footwear online and then have their made-to-order shoes shipped to their doorstep.
Uchumi unveils turnaround plan The new CEO of the Kenyan supermarket operator, Dr Julius Kipng'etich, has announced to reopen its stores in Kenya and fully restock them by the first quarter of 2016 while its Ugandan and Tanzanian businesses could be considered for a strategic partnership.