Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 15 March 2016

Greetings!
Buyers are waiting in the wings or digging deep(er) into their pockets, as merger stories continue. Find out about the most recent developments. Other stories today include major job cuts at Avon, the online survival of Dick Smith and Apple's strive for single-brand stores in India. Enjoy the read and please share our FREE update.


Asia & Australia
Dick Smith survives online   Kogan.com beat its fellow bidders for the online brand and customer data base of the electronics retailer, which will become an e-commerce business after the closure of its brick-and-mortar stores +++ Australia's third-largest retail pharmacy network, Terry White Group, is eyeing acquisitions to facilitate a possible initial public offer.  ▪
One store, one brand   After an unsuccessful previous application, Apple has resubmitted its proposal for opening single-brand retail stores in India. In a similar move, Chinese competitor Xiaomi has also filed an application.   ▪
Expanding businesses   Chinese online entertainment firm Baofeng is on a shopping spree, planning to acquire three firms for US$ 477 million +++ Indian online marketplace Snapdeal struck a deal with French tyre major Michelin, while Infibeam, a competitor in the e-commerce space in the country, is planning its launch on the stock market ▪
europe & Middle East
Billion-dollar deals   The companies' shareholders approved the proposed merger of Ahold and Delhaize +++ As the deadline to submit an increased offer for the acquisition of Home Retail Group draws closer, Sainsbury's is expected to consider a bid of GBP 1.5 billion ▪
More acquisitions  In France, the acquisition of the controlling share in poultry giant the Doux group by cooperative Terrena has been completed, while in Scandinavia, Finnish meat processor Atria plans to acquire Sweden's chicken supplier Lagerberg. ▪
Changes at the top   Stuart Menzies is leaving his job as Category Director with Asda for a new position with Iceland (paywall), which is adapting its product range in an effort to compete with the German discounters. Catherine Petitjean has been elected President of France's largest food union Alliance 7. ▪
Israeli moves   The country's tax authority has drafted a bill which would have a dramatic effect on the activities of foreign internet giants like Google, Facebook and Amazon. Meanwhile, discount retailer Osher Ad is set to become the country's first supermarket to venture abroad with an outlet in New York. ▪

 

USA & Canada
Poised to be bought   Struggling grocery chain Fresh Market will be bought by private equity firm Apollo Global Management for approximately US$ 1.36 billion +++ 29 of grocer Haggen's 32 core stores will be acquired by Albertsons in a US$ 106 million deal. 15 stores will continue to be operated under the Haggen banner.   ▪
Avon axes jobs   The ailing cosmetics firm plans major restructurings, cutting about 2,500 jobs worldwide and shifting its corporate headquarters to the UK +++ Organisational reshuffles have also led to job cuts at Nordstrom. The upscale fashion retailer has laid off 120 IT employees. ▪
Fast-growing markets   The line of business to fix devices yields a rise of retailers. One of those, UBreakiFix, which went from 63 to 170 store locations within a year, expects to have 275 stores across North American by next year +++ Physical bookstores benefit from the skyrocketing sales of adult colouring books ▪
Trends in employment
UK retail jobs at risk   Tesco's CEO Dave Lewis has warned that the current business rates are putting retail jobs at risk and need to be reviewed. ▪
US strategies   A plant of clothier Brooks Brothers which employs 'multigenerational employees' could become a model for other companies +++ Despite its reputation for hard-driving corporate culture, Amazon proves most successful in recruiting top business students. ▪
Sweden's work attitude   Relaxing in the company of colleagues, the social ritual of 'fika', is likely to be the secret behind the Swedish workers being the least stressed worldwide. ▪

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