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

Greetings!
There is hardly any time for a breather between news about massive deals these days - again, today's RetailUpdate features a few of those, this time in Europe and Down Under. Other news include contactless payment options in Australia, Amazon Pantry being a cheaper option than the big UK supermarkets, and more. Enjoy the read and recommend it to your colleagues.

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Asia & Australasia
Australian puddings change hands    New Zealand dairy giant Fonterra has signed a sale agreement with Parlamat Australia for its Australian yoghurt and dairy dessert business at an undisclosed sum. It is expected to have passed approvals and be complete by the first half of 2016. ▪
Toshiba axes jobs   The Japanese conglomerate is looking to cut up to 7,000 jobs worldwide, as it plans to restructure its business in the wake of an accounting scandal. ▪
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Android Pay to enter Australia   After launching Android Pay in the US, Google rolls out contactless payments via Android mobile phones to Australia next year. The service will be available at a wide range of retailers and outlets. ▪
Meeting Chinese demands  Chinese online powerhouse Alibaba and US Walt Disney have signed a multi-year licensing agreement in order to rev up sales from Chinese customers +++ Soaring Chinese demand sees sales of infant formula in Australia surge. ▪
 Europe
Looming deals worth billions   Drugs giants Sanofi and Boehringer Ingelheim are in talks to exchange assets in a EUR 22.8 billion transaction +++ Ex-Diageo Boss Paul Walsh is reportedly working with private equity group TPG on an offer worth GBP 2 billion for global beer brands Peroni and Grolsch +++ On a smaller scale, US Domino's Pizza will be entering the German market by acquiring Joey's Pizza for EUR 79 million.  ▪
New options to shop   UK supermarket chain Morrisons has returned to the convenience shopping sector with its new store concept Morrisons Daily +++ In Finland, the government approved retail opening hours liberalisation. ▪
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Some win, some lose   Sainsbury's is on the winning side of latest grocery share figures from Kantar Worldpanel for the 12 weeks to 6 December, while Tesco sales deteriorate. A recent analysis by Profitero finds all six big UK supermarkets notably more expensive than online rival Amazon Pantry on the exact same products. ▪
USA & Canada
Pharmaceuticals at the shops   Canada-based Valeant Pharmaceuticals has entered a new distribution and pricing agreement with US drug store chain Walgreens. Second-largest US discount retailer Target phases out its Pharmacy Rewards programme.  ▪
Holiday sales strategies   Toys 'R' Us is countering its perennial problem of running out of popular toys at the peak of holiday shopping by stocking up and using a newly designed algorithm. Department store chain Kohl's plans on opening more than 170 hours straight from 17 December morning.  ▪
developments to watch
EU introduces new animal health rules   Europe’s fight against animal diseases and antibiotic resistance is strengthened by new animal health rules, which will come into force next year. ▪
Register your drone   Record drone sales in the US are calling for legal regulations, as they entail all sorts of new privacy, security and safety challenges.  ▪
Fresh for longer   A new postage stamp-sized sheet filter called 'It's Fresh', which is to slow the ripening process of fruit, has already been taken on by major supermarkets in the UK and the US. ▪

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