In India, things aren’t too rosy for Germany’s Rocket Internet, as it contemplates closing two of its businesses; in the UK, Sainsbury’s has another crack at purchasing Argos and in the US, the Walgreens Boots alliance has outlined plans for a great 2016. All these stories feature in today’s edition. If you enjoy the read, please don’t forget to share; RetailUpdate is still absolutely FREE.
Rocket Internet faces closures As a result of several problems with its Indian businesses, the Berlin-based Internet startup may have to shut down two of its online businesses: FabFurnish and Printvenue.
FOODBOARD™ – Cartonboard with functional barrier for sustainable and safe food packaging
With FOODBOARD™, Mayr-Melnhof Karton has developed the next generation of cartonboard which ensures highest product safety: FOODBOARD™ shields packed food against the migration of defined unintended substances such as mineral oils, phthalates, DIPN and bisphenol A and provides protection against cross-contamination during transport, storage and at the point of sale.
Asian growth plans Italian luxury shoe brand Aquazzura has picked Hong Kong as the location for its first Asian own-brand store to be opened late 2016. The company currently sells through department stores across Asia +++ In Japan, four major convenience store chains are partnering with a government-related body in order to sell overseas.
Jumbo to buy restaurants The Dutch supermarket operator is set to acquire 60 La Place restaurants. The deal has been approved by administrators managing the bankruptcy of the restaurant chain’s parent company, V&D. According to Jumbo, a restart of La Place branches in V&D stores is a possibility.
Sainsbury’s gets go-ahead Should the British supermarket chain renew its offer for Argos, it may now have the backing of its biggest investor, Qatari Investment Authority. Sainsbury’s is understood to be currently pushing for a draft of a deal with Home Retail before the takeover panel’s deadline of February 2.
Walmart challenges Amazon The US retailer has launched OneOps, a new open-source cloud platform. Designed to hurt Amazon as well as help its retailers, OneOps is available free of charge to any retailer for supporting and coding cloud-based applications.
Walgreens Boots outlines plans At its annual shareholder’s meeting the company approved three new initiatives for 2016. These are the acquisition of Rite Aid, a partnership with Valeant Pharmaceuticals and the goal for Boots to become a beauty-products destination.
Consumers want privacy What really stops consumers buying certain products? According to a new study of 900 US online consumers by cybercrime analytics firm Morrison & Foerster, it seems privacy is a major issue, with 35% of respondents saying they pulled out of purchases due to privacy concerns.
Digital payment more popular More consumers are forgoing their leather wallets for digital wallets, according to a consumer survey by Citi Retail Services. The survey showed that 35% of consumers used digital wallets in 2014, and this grew to 55% by the end of 2015.