Hello, dear reader!
Two Japanese giants, retailer Lawson and cosmetics firm Shiseido, are expanding in the US, where market leader Walmart gets competitive by partnering with Uber. Over in Germany, Metro Group's hypermarket chain Real achieved a breakthrough in tariff debates, while in South Africa one major union has started to oppose AB InBev's mega brewer deal. Get informed and have a great start to the week.
asia & australia
Taking on Metcash A new company called Independent Retailers Exchange is planning to launch as a wholesaler in opposition to Australia’s No. 3 grocery business, Metcash, as retailers seek alternatives in order to better compete with Woolworths, Coles, and Aldi in the long term.
Breakthrough in wage debate Metro Group's planned EUR 1 billion investment in the modernisation of its Real hypermarkets is a step closer as the retailer and Verdi trade union have agreed upon key parameters for a future package.
Teaming up to grow Finnish food-packaging leader Huhtamaki is on the hunt for acquisitions as it seeks to expand in new areas, mainly in southeast Asia and Africa, and an Italian alliance sees food retailer Eataly partnering with catering company Autogrill to create a new format called 'Eataly x Autogrill'.
usa & canada
Meijer invests in Michigan The US big box retail chain, which operates 226 supercentres and grocery stores, is about to expand its footprint across the Grand Rapids by opening a new supercentre in Sturgis as part of a US$ 400 million investment.
KFC quits Botswana After operating in the southern African nation for 20 years, the economic downturn has forced the American fast food restaurant chain to close its 12 outlets in Botswana, resulting in the loss of 400 jobs.