In Europe, major retailers have been fined for price-fixing, in the US, Amazon enters yet another market segment, in Asia, a rule change would facilitate Chinese overseas acquisitions, and in Africa, victims of the 2006 bread cartel are not ready to surrender. Find out about these stories, the next billion dollar acquisition, and more. Enjoy the read!
asia & australia
Southeast Asian highs and lows Recognising a rising trend for online shopping, the e-commerce market in Thailand is expected to grow significantly. As Vietnam suffers the worst drought in three decades, the world’s biggest robusta coffee beans producing country is forecasted to experience a drop in output to the lowest in four years.
Fined for price-fixing Several retailers, including Edeka, Netto, and Metro, have been fined by the German cartel office for price-fixing of beer, sweets and coffee. The sum of the fines totals EUR 90.5 million.
JAB adds doughnuts to its empire Only months after the US$ 13.9 billion acquisition of coffee company Keurig Green Mountain, JAB Beech, a subsidiary of the world's largest coffee conglomerate JAB Holding, acquires doughnut chain Krispy Kreme in a US$ 1.35 billion transaction. JAB is a private investment group, mainly owned by Germany’s reclusive Reimann family.
Africa & South America
Appeal in bread cartel case Challenging a previous Supreme Court of Appeal ruling, alleged victims of the 2006 Western Cape bread cartel will be explaining to the South-African Constitutional Court why they should be allowed to sue food manufacturer Premier Foods.