Monday, 18 April 2016
Hello, dear reader!
Another Chinese giant is determined to raise billions for expansion and Australian exporters are cementing their businesses in China. A provider of American products has purchased Britain's oldest sweet company and McDonald's revamped its staff policy in the UK. Read these stories and more in today's issue. Do also check our thought-provoking insider insights. Have a great start to the week.
asia & australia
Strategies to stay ahead Indian e-commerce major Flipkart has introduced a series of measures to cut expenses to earn a gross profit ahead of the festival season, while Mumbai-based telecom startup Reliance Jio Infocomm is set to fight competitors by improving the service quality.
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Revenues and recoveries France’s largest retailer, Carrefour, reported a strong first-quarter revenue of EUR 20.1 billion, boosted by growth in southern Europe and Latin America, and improving sales in China +++ Spanish supermarket chain Eroski says that it is on track to recovery in 2016, after it reported losses of EUR 280 million in 2014.
usa & africa
Nielsen extends capabilities The US global insight giant and Dublin-based e-commerce analytics company Profitero plan to form a strategic alliance, which will effectively extend Nielsen’s e-commerce capabilities, allowing manufacturers to correlate digital shelf analytics with actual sales data.
Bidvest spins off food unit South African conglomerate Bidvest Group will spin off and separately list its food distribution business. Bidcorp, which supplies food to pubs, restaurants and hotels in Europe, South Africa and Asia, will list on May 30.
Stepping up the game Paul Raines is CEO of US electronics retailer Gamestop, which has built a 1 billion digital business. He expects physical sales to remain key to the company's revenue, but thinks that by 2019, half of the revenues will come from businesses beyond physical games. Raines was interviewed by Fortune.