Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 17 May 2016

Greetings!
Pfizer adopts a new M&A course with its acquisition of eczema treatment maker Anacor, the European Commission is creating a headwind for Google in the EU, and an agreement between online payment providers is to pave the way for Kiwis exporting to China. Find out about these stories, some top achievers, and more. Enjoy the read!


ASia & Pacific
Growing in India   Online grocery portal AskMe Grocery expands its fresh food category by partnering with Mother Dairy and other non-branded vegetable and fruit shops, and expects to add another 45 cities to its operations +++ Snack food manufacturer Haldiram is in talks to sell a stake to private equity funds for US$ 200 million. ▪
Metcash restructures   The Australian wholesaler, which is interested in acquiring Woolworths' Masters business, is working on a still-to-be-finalised new corporate structure in a bid to drive its food and grocery supply business (paywall). ▪
Trading with China   Agreements have been struck between New Zealand online payments provider Latipay and Chinese e-wallet platforms Alibaba and WeChat which will allow Chinese customers to pay for New Zealand products in Yuan while New Zealand sellers are paid in Kiwi dollars . ▪
Europe
Maisons du Monde prepares float   The furniture and design company is gearing up for France’s first initial public offering this year, setting a price range that would value the company at more than EUR 1 billion. ▪
EU slaps Google   Not only is the European Commission reportedly aiming to hit the US online giant with a fine of about EUR 3 billion for monopoly abuse, the Competition Commissioner also announced a review of Google's advertising services. ▪
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Carrefour plays musical chairs   The French hypermarket chain rearranges its top management in France. Amongst some known names in new positions, Alain Rabec is replacing Eric Bourgeois as Director of French Hypermarkets. ▪
USA
Pharmaceutical deals continue   After its failed acquisition of Allergan, US pharma giant Pfizer now buys Anacor Pharmaceuticals in a deal valued at US$ 5.2 billion including debt. Retail giant Walmart and drug distributor McKesson have entered a sourcing agreement for generic pharmaceuticals in a bid to lower costs. ▪
Cheap succeeds online   Jet.com establishes more and more as a competitor to be taken seriously by Amazon and other e-commerce retailers, as it keeps on growing its customer base, whom the startup lures with low prices. ▪
awards & achievements
Gold medals for own labels   German discounters Aldi and Lidl emerged at the top of many categories, picking up the most gold medals at The Grocer’s 2016 Own Label Food & Drink Awards. The British retail magazine also found Aldi to beat its rivals in providing the lowest prices, selling 31 of the 33 items on their list at the cheapest price.  ▪
Outside the norm   US retail corporation REI received the ‘Best of Show’ award by One Club, producer of the prestigious One Show, for an advertising campaign, which encouraged consumers and its own employees to embrace the outdoors instead of shopping on Black Friday. Burger King scored third place in Euromonitor's New Concepts in Food Service Contest for integrating an in-store sauna in its outlet in Helsinki. ▪

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