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

Another mega pharma merger has been struck and more potential deals are looming, of which we will most certainly hear more as the year progresses. Africa is to remain the fastest growing global beer market, Poland considers new tax rules for retailers and in India as well as in Australia, top managers are vacating their hot seats. Enjoy the read of updates from around the retail world and feel free to share them. 


asia & Australia
Vacating the exec floor   Flipkart's CEO Sachin Bansal will be replaced by Co-Founder Binny Bansal +++ A week after Australian electronics retailer Dick Smith went into receivership, Nick Abboud resigns and Don Grover will be acting as interim CEO +++ At Snapdeal, senior vice president of marketing Srinivas Murthy is leaving the company. ▪
Pushing eastwards   French sporting goods global player Decathlon continues its push into South East Asia with the opening of its first brick-and-mortar store in Singapore +++ Flipkart-owned fashion shopping site Myntra has entered a partnership with US outdoor brand The North Face as it aims to increase its revenue from the outdoor and sports business. ▪
Flipkart's quid pro quo   The Indian etailer offers its major sellers priority on their platform if they move into the company's warehouses, previously occupied by its former topseller WS Retail. ▪
Billion-dollar pharma merger   Dublin-based pharmaceutical company Shire acquired US haematology specialist Baxalta for US$ 32 billion to become the world’s largest rare-disease drug maker. ▪
Placing bids   Another bidder has entered the scene of the sale of beer brands Peroni and Grolsch - Japanese Asahi is expected to make an offer around GBP 2.34 billion later this week +++ British supermarket Sainsbury's is expected to raise its bid for Home Retail Group. ▪
Uniting forces   French supermarkets Auchan and Système U have reportedly submitted their joint proposal of a buying merger to the French authorities. ▪
Taxing in Poland  The Law and Justice (PiS), the party which recently won elections, is planning to base a pending tax on retailers on the level of turnover and place tax rates on a progressive scale. A tax for online retailers is also to be introduced. ▪
Amazon to tweak logistics business    The online giant is expected to soon acquire the remaining 75% stake, it does not already own, of French package delivery company Colis Privé  - a move which might shake up the shipping business. ▪
Kohl's explores options    The department store chain, whose shares have fallen 37% in the last year, may hire an investment bank for advise. The company's directors are reportedly considering the option of going private +++ The reported takeover bid for American Apparel has reached US$ 300 million. ▪
A store on many corners   Fuel and convenience retailer CST Brands, which operates nearly 2,000 units under the Corner Store banner in the Southwestern US and Eastern Canada, plans to grow through new store construction and acquisitions.  ▪
Grains change hands   In a deal worth US$ 275 million, Nigerian food and infrastructure conglomerate BUA Group divests its flour business to Singapore-based Olam International. ▪
South Africa strives for economic equality   The country's move towards the introduction of a minimum wage raises tempers and divides opinions about possible impacts. ▪
Cheers for beers   According to an analysis by Canadean, the African beer market is expected to grow by 5% until 2020, making it the most rapidly growing beer market between 2015 and 2020.  ▪

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