Hello, dear reader!
Some of the world's biggest container operators are about to form a new alliance fuelling competition on Asia routes. The Middle and Far East attracts Brazil's biggest meat processor. Beverage giants Coca Cola and Heineken revealed their latest results and online behemoth Amazon ventures into luxury apparels. These stories and a lot more are featured in today's issue.
asia & australia
Shakeup in the shipping world In a bid to target savings on Asia routes, four big container operators, including China Shipping Group and France’s CMA CGM, announced plans to form Ocean Alliance, a new shipping group that will rival the dominance of Denmark's Maersk Line and Mediterranean Shipping.
Eastern expansions Thailand is the largest market outside the UK for retailer Tesco. It’s Lotus chain grows further by adding 65 new stores this year +++ Brazilian meat group BRF speeds up its expansion in Malaysia and the Middle East through the opening of a new regional office in Kuala Lumpur.
Wickes takes on Wesfarmers The British home improvement retailer with more than 200 stores throughout the country and a turnover of GBP 1.1 billion, is poised to cut prices in preparation for increased competition from Homebase’s new owner, Wesfarmers. Homebase will now retail under the banner Bunnings.
Amazon's luxury partnership The online giant will team up with specialty apparel retailer Moda Operandi. The partnership could help Amazon become a force in apparel, where it has struggled, and pushes its payments operation into brick-and-mortar retail.
More pick-up and pay options BJ’s Wholesale Club has introduced a new pick-up and pay service. Members of the discount warehouse retailer now have the option to order products online and then pick them up and pay for them at any of BJ’s 213 stores.
developments to watch
Brexit bad for organic growers Britain's organic food producers could be facing an uncertain future if Britain voted in favour of leaving the EU in June, says its licencing body, OF&G. Businesses may face trade tariffs as well as the possibility of the sterling losing value.