Hello, dear reader!
We are delighted to share some news from Latin America in today's newsletter. Read how the Bolivian government will support food security and find out about the challenges Brazil's retailers are facing. In Asia, some manufacturers are looking for domestic alternatives to imports and in Australia, Woolies made a significant move to take on Aldi.
asia & australia
Woolies changes private label Australian retail giant Woolworths will ditch its 33-year-old Homebrand label and replace it with its more upmarket Essentials packaging in a bid to fend off rival Aldi. Insiders, however, believe that Woolies needs to fix more than Homebrand.
Reducing sugar The Berry Company, one of Europe’s fastest growing drinks brands, has announced plans for a major brand overhaul in 2016. The company will re-launch its existing juice and tea range, available at Waitrose and other stores, with 40% reduced sugar and calories.
usa & canada
Accelerating growth Pet retailer Petco has appointed two more key leaders to its executive team in a bid to achieve its omnichannel growth objectives +++ Online retail startup Ron Johnson, which sells higher-end consumer electronics, has added Los Angeles to its delivery area. Its next market will be Chicago.
Haggen takeover approved Idaho-based supermarket operator Albertsons has received approval from the US Bankruptcy Court to acquire the remaining 29 Haggen stores in the Pacific Northwest. The US$ 106 million transaction is expected to close in the next weeks.
Avocado merger California-based avocado supplier GreenFruit has been acquired by FrutiVal, a Mexican grower and packinghouse. The deal is expected to boost an "ambitious" marketing plan in the United States and other overseas markets.
Bolivia supports farmers The Andean country seeks to be the sole producer of its own food by 2020. Its government will invest more than US$ 40 million to support small and medium farmers in local food production according to the Public Institute for Food Sovereignty.
Bad Easter for Brazil Food retailers in Brazil registered a decline by 9.6% in their Easter sales compared with the same period last year, says consumer trend consultancy Serasa Experian. It was the worst result since 2007.