While the authorities in Britain take a close look at Sainsbury's planned acquisition of the Home Retail Group, new rules in China don't allow for selling medicines online anymore, and Apple is asking for special treatment in India. Germany's Schwarz Group, owner of Lidl and Kaufland, invests a total of EUR 6.5 billion this year to enhance growth. These stories and a lot more are featured in today’s issue. Enjoy the read and please feel free to share liberally.
Asia & Australia
Putting a price on pies Australia's packaged food supplier Patties Foods has received a takeover offer from private equity firm Pacific Equity Partners, which values the food manufacturer at just under AU$ 230 million. Chairman Mark Smith said Patties is in advanced talks with PEP.
Schwarz surges forward The German parent company of Lidl and Kaufland plans to invest EUR 6.5 billion in 2016. Part of the investment will be used to support the expansion and modernisation of both, its Lidl and Kaufland banners in their home market. Lidl will roll out a new concept at home and has set its sights on new foreign markets. Lebensmittel Zeitung has the details.
Combining forces Online food delivery company Deliveroo has signed a lucrative deal with restaurant group Pizza Express in the UK. The companies hope that the partnership will open up a lot of new markets, even overseas.
Walmart hires veterans Three years after introducing its Veterans Welcome Home Commitment on Memorial Day 2013, Walmart announced it has hired 130,828 veterans since. In May 2015, the retailer had raised its initial goal to hire 100,000 veterans by the end of 2018 to hiring 250,000 veterans by the end of 2020
Too much milk and cheese While the dairy industry in the US is expected to produce a record 212.4 billion pounds of milk this year, cheese makers have clinched their own record of 1.19 billion pounds of cheese in commercial cold storage. The 'cheese glut' could also impact on dairy farmers in neighbouring Canada.
Indulging 'meat-less' The vegan market in China soars and is expected to grow 17.2% between 2015 and 2020 – the fastest growth rate in the world. In Britain, vegetarians are forecast to grow to one in four Brits by 2041, generating a market valued at GBP 2.38 billion.