Hello, dear reader!
US retailer Kroger surprised the industry with a significant announcement. Dairy giant Müller is looking at growth options in Scotland, while Tesco is committed to support its farmer suppliers. China aims to crack down on "smugglers' with new tax rules, and the minimum wage is raised in America. Have a great start to the week and don't forget to share. RetailUpdate remains FREE.
asia & australia
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Cigarette maker seeks clarity ITC Ltd., Asia’s second-largest cigarette maker and part-owned by British American Tobacco, has shut its cigarette factories in protest against a new government rule demanding bigger health warnings on its packs. The Kolkata-based company is requesting clarification.
Dairy decisions British retailer Tesco has confirmed a new pricing for dairy farmers' milk and stressed that it will continue to support its suppliers +++ In Scotland, dairy group Müller warns about 229 job losses as it will close dairy processing plants. The company is currently looking at other growth options.
usa & canada
Kroger takes on Whole Foods In a move that caught the industry by surprise, the Cincinnati-based retailer has formed a “strategic partnership” with Lucky’s Market, a speciality grocer from Colorado. Analysts think that the deal gives Kroger a weapon against the likes of Whole Foods and Sprouts Farmers Market.
Mars Petcare buys in California The global leader in pet-food sales and subsidiary of candy bar maker Mars, has acquired Whistle, a San Francisco-based startup that makes smart dog collars to track a pet’s location and fitness. The price tag on this deal is reportedly US$ 117 million.
Foschini searches locations The South African clothing and apparel retailer is looking for retail space, mainly premium shopping destinations, to bring its recently acquired UK chains Phase Eight and Whistles to its home market.
Adidas enters Uganda The German sportswear designer and manufacturer confirmed that it will be opening a retail outlet in the Uganda through a franchise partner yet to be named. So far, Adidas has outlets in Egypt, Algeria and South Africa.