Worldwide, growth and acquisitions continue. In the southern hemisphere, a New Zealand fast-food company is set to take over Australian KFCs; in Europe, global German retail group Metro has taken a majority stake of a multi-channel retailer, and in the USA, e-commerce behemoth Amazon reports a strong first-quarter result. Have a great day, and don’t forget to share — RetailUpdate is absolutely FREE.
asia & australasia
Colgate's dirty deal The US consumer products company Colgate-Palmolive has received a fine of US$ 18 million over an illegal deal with rival Unilever Australia to control the supply and price of laundry detergent.
Openings ahead In an effort to reclaim its standing in local malls, JC Penney will mark the 10th anniversary of its partnership with Sephora by opening 60 new locations. Most will be ready by mid-June +++ Outdoor apparel and goods retailer Cabela will debut a new cost-effective store design in two new locations in the fall of 2017.