In Britain, recent marketing strategies of Tesco's have been controversial, and a tripling number of food manufacturer insolvencies over the last five years needs to be added to the casualties the supermarket price wars have claimed. In Asia, the Indian e-commerce market gains yet another player and in the US, an icon goes out of print. Enjoy the read!
Asia & Australia
China invests Chinese investment in Australia clocked up its second highest level in 2015, growing 60% to AU$ 15 billion, making Australia the second most favoured foreign country for Chinese investors, after the US +++ A US$ 1.5 billion investment will be made by the regional district to upgrade its own 'Silicon Valley', Beijing's Zhongguancun district.
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Rakuten enters India In the wake of the Indian government changing its regulations to allow foreign direct investment in e-commerce, the Japanese etail behemoth is following its Chinese competitor Alibaba with a direct entry into India's aggressively growing e-commerce market.
It's not in the name While British retailers have been slammed for their misleading marketing practice of using fictitious own-brand farm names which suggest regional products - amongst them Tesco's recently released private-label budget lines -, online shopping guides reveal the commitment of retailers to British farmed fruit and veg as well as beef and lamb.
Africa & Middle East
Israel taxes foreign etailers New tax regulations will have a dramatic impact on the activity of foreign e-commerce companies, such as Google, Facebook and Amazon, in the country.
A Dubai exit and a Kuwait entry While Saks Fifth Avenue will shut its Dubai store, another US department store chain, Bloomingdale's, will increase its Middle Eastern presence with the opening of a store in Kuwait.
Bosch enters Nigeria The Germany-based multinational invests in the Nigerian market by partnering with the kitchen manufacturer Pedini Nigeria. The largest Bosch brand showroom in Africa has opened recently in Lagos.