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

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.

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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.   ▪
Container shipper combined     French shipping company CMA CGM SA has agreed to buy Singapore's Neptune Orient Lines for US$ 2.4 billion, strengthening its presence in the Pacific Ocean trade routes. CMA CGM has also just launched two new services to boost Arab exports in Europe. ▪
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. ▪
europe
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. ▪
Creating a coffee conglomerate    US coffee company Keurig Green Mountain has been purchased for US$ 13.9 billion by a JAB Holding investor group with the goal to be the 'Budweiser of coffee'. The value of mergers and acquisitions this year has hit an all-time high according to the financial data company Dealogic. ▪
More takeover plans   French DIY retailer Leroy Merlin is reportedly planning to take over British chain Homebase, which has just appointed Tesco executive Ewan McMahon to be its retail operations director. Meanwhile, US conglomerate General Electric has backed out of the deal to sell its appliance business to Sweden’s Electrolux. ▪
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. ▪
FTC blocks 0ffice deal   The Staples-Office Depot merger isn’t happening just yet with the Federal Trade Commission now stepping in, challenging the billion-dollar deal, by citing concerns that the takeover would reduce competition. However, both companies announced that they intend to contest the FTC decision. ▪
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. ▪
africa
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. ▪
Truworths needs leader   The resignation of CEO Jean-Christophe Garbino, who was officially at the helm of the South African-based apparel retailer since July, has raised some suspicion amongst analysts. Truworths has just recently acquired a majority stake in UK high-street footwear retailer Office. ▪

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