E-commerce rules have changed in India opening the door to foreign-owned marketplaces, German Metro plans to split its business into two parts, and Amazon is set to open a seventh distribution centre in California. Have a great day, and don’t forget to share.
asia & australia
Beverage decisions Refresco Gerber, a leading European bottler of soft drinks, has announced it will acquire 100% of local drinks manufacturer DIS +++ Lucozade, the umbrella name for a series of energy drinks, has responded to the newly announced sugar tax agenda and launched a new low-calorie range.
Waitrose opens cashless store The British supermarket operator is set to become UK's first supermarket to operate a cashless system with the introduction of its new store in Sky TV's flaship head office. Purchases can be made with card or mobile devices.
usa & canada
Macy’s bosses get pay cut Following poor results in 2015, the CEO and other senior executive of the department store chain have had their bonuses cut. CEO, Terry Lundgren’s total compensation dropped by 29%.
developments to watch