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While French giant Carrefour has started rolling out its online business in Beijing, British conglomerate AB Foods plans to sell its Chinese sugar business. Sustainability matters to UK retailers Waitrose and Sainsbury's as well as Tesco. Read about their inspiring initiatives, Walmart's worries, Kroger's hiring plans and the Switzerland of Africa. Don't forget to share. RetailUpdate is FREE.
asia & australasia
Teen fashion for the Middle East US retailer Abercrombie & Fitch has signed a franchise agreement with Majid Al Futtaim Fashion to open new stores in Bahrain, Oman, Qatar and Saudi Arabia. It is not known how many Middle Eastern stores will open under the deal.
europe & israel
Sustainability matters UK retailer Sainsbury's wants to turn food waste into energy and has partnered with recycling company ReFood +++ Competitor Waitrose follows rival Tesco in taking on seafood giant John West over its fishing practices, threatening to remove its canned tuna from store shelves +++ In its first virtual reality campaign, fast food giant McDonald’s shows consumers where its products come from.
Amazon tests in Austria The American online retailer has confirmed that it will open a development centre in Graz that will focus on technology for delivery drones. A team of top experts in computer vision has been hired to work on “sense-and-avoid” technologies for drones, which are regarded as important safety features.
Sodastream grows strongly The Israel-based global manufacturer of home beverage carbonation systems has reported a double-digit increase in revenue for the first quarter, which shows that the repositioning of the brand around sparkling water has paid off, according to CEO Daniel Birnbaum.
usa & canada
WEF summit in Rwanda More than two decades on from a genocide that claimed 800,000 lives, Rwanda has become a regional tech hub with an annual growth averaging at 7.8%, earning comparisons to Switzerland. The World Economic Forum, which will focus on digital technologies, is about to kick off in the country.
Takeover decision delayed Business analysts are at a loss as to why the Competition Commission has asked for a further extension before it makes a recommendation on Anheuser-Busch's takeover of SABMiller. The latest deadline had been set for May 12. The commission has already warned it may not make the date.