The trend of consuming health food leads Costco to strike a deal with farmers to grow organics, while in Australia, one company hopes to make a hit with its US$ 700 juicer, and another seeks to grow its health drinks business further in Asia. In other news, Waitrose is joining in the recent trend of (re-)launching an own-brand range, and Staples trials sharing store space. Enjoy the read.
Asia & Australia
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Tata Steel waves 'good bye' The British government has asked Europe’s second largest steelmaker by production capacity, which explores a sale of all of its UK operations, to keep the loss-making business operating while a buyer is found. A closure of the operations would leave a hole in many manufacturers’ supply chains and create logistical troubles, as Tata Steel is used in a number of products from Heinz cans to cladding on Ikea buildings.
Further investigation Today's deadline for the completion of the South-African Competition Commission's investigation into the Anheuser-Busch InBev takeover of SABMiller is set to be extended for the third time as requested by the commission.
Uchumi nears insolvency As the Kenyan’s supermarket chain has severe troubles to meet its skyrocketed debt to suppliers and to find an investor who is willing to inject the much-needed cash, it is on the verge of insolvency.