Hello, dear reader!
Amazon goes green in India and extends its delivery by bicycle programme, while rival Snapdeal is about to launch a 'shopping carnival'. Over in Europe, Tesco's turnaround strategy begins to pay off and in Africa, two retail giants celebrate their latest results. In the US, bankrupt retailer A&P is not the only company that struggles. Enjoy the read and have a relaxed weekend.
Ogio opens in Indonesia Following the success of its flagship stores in Beijing, Shanghai and Seoul, US bag brand Ogio International has opened its first store in Indonesia’s capital Jakarta. The company grows its international lifestyle business by double digits.
Chinese wines take a hit After a decade of uninterrupted growth, China’s wine market, the fifth-biggest in the world, slows down. Domestic wines are in decline. A number of wineries in New Zealand, however, still see a lot of potential and tackle the Chinese market.
Online competition in India Amazon has expanded its pilot programme on delivering packages over distances of 3-5 km by bicycle to Bengaluru, Hyderabad, Delhi and Chennai. Meanwhile, rival Snapdeal has launched a real estate shopping carnival called ‘Freedom from rent’ on the occasion of Pongal and Sankranti festivals.
Lidl expands in Romania The German discount powerhouse continues to grow in the country and invests EUR 20 million to build an 'eco-friendly' logistics centre in Lugoj. It will create some 100 jobs according to Lidl, which has currently more than 4,200 employees in Romania.
Sweet partnership in Italy Milan-based retail group VéGé , which currently runs 2,400 sales points and 31 partner companies, has signed a cooperation agreement with confectionary industry leader Dolcitalia. The latest deal comes after partnership agreements signed in recent weeks.
usa & canada
Sazerac buys Southern Comfort Brown-Forman, which manufactures Jack Daniel’s whiskey amongst many other brands, has agreed to sell its Southern Comfort and Tuaca trademarks to Fireball-maker Sazerac for US$ 544 million. The sale is expected to go through by March.
latin america & africa
Unilever invests in Cuba As relations between the Communist regime and the West continue to thaw, the Anglo-Dutch multinational company returns to Cuba and will build a US$ 35 million factory in Havana, designed for the production of its hygiene and beauty products.