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Retail Update - powered by LebensmittelZeitung
Wednesday, 25 May 2016

Hello, dear reader!
Today’s issue is all about mergers and acquisitions, covering the whole scale – from billion-dollar deals to smaller tie-ups: AB InBev and SABMiller are approaching completion, a European bottling giant is in the making, Monsanto wants Bayer to sweeten its offer, and France's SEB is set to become a world leader in coffee machines. Read about these ongoing efforts and don't forget to share.

asia & south pacific
Beer distribution deal in China   Dublin-based beer and cider producer C&C Group continues to ramp up its growth in Asia by signing a new agreement with trade company Vandergeeten for the distribution of its Tennent’s drink brands portfolio in China. ▪
Japanese investments   Retail group Aeon is set to grow in Malaysia by allocating millions for this year’s capital expenditure, and clothing brand Uniqlo tries a different way to encourage its customers with the launch of a digital marketing campaign, which uses fast moving images. ▪
Developments Down Under   Australian conglomerate Wesfarmers warned that its full-year profit will be hit by write-down costs of as much as A$ 2.3 billion +++ Department store David Jones unveiled a senior management shake-up to continue its overhaul +++  New Zealand company Comvita teamed up with apiary operator Putake Group to meet the global demand for manuka honey. ▪
SEB acquires WMF    Buyout firm KKR agreed to sell German silverware and coffee-machine maker WMF to France’s SEB in a deal valued at about EUR 1.6 billion. The deal will make the French company the world leader in professional coffee machines and Germany’s no. 1 in cookware. ▪
Takeover progress   The US$ 100 billion-plus brewer merger of AB InBev with SABMiller inched closer to completion yesterday, when the European Commission granted conditional approval +++ Shareholders in Coca Cola Enterprises have agreed to merge operations in Spain and Germany, paving the way to create a new European bottling giant. ▪
Cycling portfolio expanded   Halfords Group, a British retailer of car parts, car enhancement, camping, touring and bicycles, has expanded its cycling portfolio with the GBP 18.4 million acquisition of Swansea-based online retailer Tredz and Wheelies. ▪
usa & canada
Monsanto challenges Bayer   The US agricultural giant rejected the German conglomerate’s US$ 62 billion offer, but said it was still open to talks. Monsanto executives and investors viewed the bid as too low, but Bayer’s investors are confident and determined to address financial and regulatory issues. ▪
More purchases and their results   Pennsylvania-based food retailer Weis Markets increases its footprint in Baltimore by buying five family-owned independent Mars Super Markets in the region +++ Home improvement retailer Lowe's wants to enhance its e-commerce operations after taking control of Canadian chain Rona. ▪
Results and reshuffles   Minnesota-based electronics chain Best Buy surpassed expectations with rising profits and declining revenues for Q1. The company also announced the departure of its chief financial officer +++ Toys “R” Us created a new position to foster digital development, assigning a veteran of American Eagle Outfitters to fill it. ▪
Coca Cola appoints Kenyan   Peter Njonjo, Coca Cola general manager for East Africa, has been promoted to head a new West African unit created after the American-based softdrink multi reorganised its international structure and unveiled exec changes in Asia and Africa. ▪
Tiger Brands reviews strategy   Although the Johannesburg-based consumer goods group reported a profit jump on turnover growth, its new CEO, Lawrence MacDougall, is set to overhaul its operations due to a shrinking demand in export markets and a bleak outlook in South Africa. ▪

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