Hello, dear reader!
Amazon has unveiled its delivery plans for Germany and it looks like Deutsche Post DHL has a new competitor. Over in India, the online giant is about to launch its grocery arm, while rival Flipkart is on a mission to raise billions. Takeover and spin-off plans keep US companies busy and in Africa, Choppies is set to grow. Enjoy the read and have a relaxed weekend.
asia & south pacific
Chinese Cola returns Tianfu, once China’s top selling cola brand, will return to the market after being absent from shelves for nearly two decades. The company plans to introduce some new soft drinks.
Samsung still struggles The South Korean electronics giant was hoping for a greater boost from its current flagship smartphones. While operating profit was up 15% to US$ 5,1 billion, it falls short of analysts' average estimates.
Amazon unveils German delivery plans The online giant wants to open its own parcel delivery depots near major cities in Germany in order to reduce its dependency on its distribution partners, which will have a major impact on its relationship to Deutsche Post DHL.
M&S boss leaves mixed legacy Marc Bolland, chief executive of the high street retailer, retires in April and will be succeeded by Steve Rowe, who has been with Marks & Spencer for over 25 years. The latter faces the challenge of transforming the business.
latIN America & africa
Chile accuses Cencosud & Co. The three largest retailers of the country, Cencosud, SMU and Walmart Chile, have been accused of collusion in the poultry market, but it remains to be seen whether there will be implications for the produce sector.
Choppie expands in South Africa The Botswana-based retailer increases its presence in the country by acquiring 21 stores from convenience chain store operator Jwayelani. The purchase will add to the 39 stores that Choppies operates in South Africa.