The world has tipped out of balance last Friday and after the weekend everyone is busy assessing the implications and consequences of the British vote to exit the European Union. In other news, allegations have been made against Woolworths in Australia, Spanish Mercadona is set to enter its first foreign market, and Macy's has named the successor for its current CEO. Have a good start into the new week - it is certainly going to be an interesting one.
Asia & Australia
New head at Macy's Jeff Gennette has been revealed to take over as CEO of the department store icon in the beginning of 2017. Current CEO Terry Lundgren will remain with the company as executive chairman.
Walmart fights food waste While next month's deadline is drawing close, roughly 70% of the retailer's suppliers have complied with the new standards required for the date label for non-perishable foods: “Best if used by”.
In the wake of brexit