Hello, dear reader!
Mergers, takeover bids and expansion strategies are featured in today's issue. Canada's Couche-Tard and Japan's 7-Eleven compete to purchase a convenience retailer in the US, while Johnson & Johnson has bought its haircare rival. Carrefour experiments in Poland and doughnut major Krispy Kreme has added another country to its portfolio. Have a great weekend.
Singapore invests in Alibaba GIC and Temasek Holdings, investment firms of the State of Singapore, have bought US$ 1 billion of stock in the Chinese e-commerce behemoth. It is the second-biggest stake sold by Japan's Softbank this week. Meanwhile, Alibaba has announced it will launch a new translation platform.
Electronics in demand India is expecting investments of US$ 56 billion over the next four years in the electronics sector to meet growing domestic demand and generate exports. The country will allow 100% foreign investment in this sector with a 25% subsidy.
Pack deal in Sweden Buyout group CVC Capital Partners has bought Swedish cigarette pack maker AR Packaging from private equity groups Ahlstrom Capital and Accent. The purchase was welcomed by Harald Schulz, CEO of the acquired company.
Carrefour experiments in Poland The French retail giant has unveiled a new supermarket concept in its first Premium Market, which opened in Warsaw at the end of May. The store focuses on providing a tailored offering and innovative services to customers.
Competition for convenience Canada's Alimentation Couche-Tard and Japan's Seven & I Holdings, the owner of U.S. convenience store chain 7-Eleven, have submitted indicative offers to acquire US convenience store retailer CST Brands. Both are competing against several other bidders.
Johnson & Johnson buys rival The US-based FMCG giant said it would acquire US beauty products company Vogue International for about US$ 3.3 billion in cash, expanding its position in the hair care market and potentially strengthen its consumer products segment.
Apple's simplicity is gone The tech giant’s incredible growth is linked to founder Steve Jobs and his love of simplicity. But the company's ability to make software solid and simple has come under attack. Ken Segall, a former colleague of Jobs, explains why.