Without much fuss or media coverage, the Danish design store Tiger is not only quickly expanding its store numbers, but has also become one of the fastest-growing retailers in the UK. In New Zealand, the battle for online grocery shoppers has picked up speed, and in Kenya, near-empty shelves at Uchumi shall soon be filled again. In other news, Amazon prepares for Christmas by announcing to raise its warehouse fees, and insurance multi Axa quits smoking. Enjoy the read!
Asia & Pacific
Australian legal affairs Australian Leather, manufacturer of the iconic sheepskin 'ugg boots', is facing a legal battle in the US, where footwear company Deckers aims to trademark the name 'ugg' +++ The Australian consumer watchdog will appeal for the AU$ 1.7 million fine issued to the maker of Nurofen, Reckitt Benckiser, to be increased to at least AU$ 6 million.
Bayer proposes The German chemical pharmaceutical giant came forward with a price tag for its planned bid for controversial genetically engineered seed producer Monsanto - it reads US$62 billion. The acquisition could create one of the world's largest agrochemical companies.
Spinning off Save-A-Lot Food retailer SuperValu takes another step in its planned spin-off of Save-A-Lot into a stand-alone, publicly traded company by amending an existing US$ 1.5 billion senior secured term loan agreement.