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Aldi takes on Ikea in Australia with the launch of a furniture collection. Sainsbury's calls it quits and finishes its trial with Denmark's Netto, while beverage giant Diageo is having a go on non-alcoholic drinks. Office retailer Staples considers to review its European operation and a newly merged coke bottler has started in Africa. These stories and more are featured in today's issue.
asia & Australia
Merger buzz in India Online fashion portal Jabong is in high demand. Alibaba, Future Group and Flipkart's Myntra are top bidders for the Rocket Internet-backed company. This could be seen as a sign that the consolidation of the country's overcrowded e-commerce sector has begun.
Shutting down stores British retailer Sainsbury's and Dansk Supermarked have announced the termination of their two-year-old joint venture. All 16 Netto test stores in the UK are expected to close. Over in Germany, Metro Group (German/paywall) has decided to shut down the bricks and mortar stores of multi-channel grocery retailer Emmas Enkel, Lebensmittel Zeitung reports.
Investments and commitments Beverage giant Diageo has made its first investment in a non-alcoholic drinks company and taken a minority stake in British start-up Seedlip +++ Majestic Wine, UK’s largest wine specialist, has become the latest company to agree to pay its workers the voluntary Living Wage.
Tesco pays more for milk Following it's Fair For Farmers initiative, which was launched last week and pledges that all milk sold in its supermarkets is 100% British, the supermarket operator has confirmed that it will pay dairy farmers more for fresh milk from 1 August this year.
usa & africa
Staples reviews UK operation The US stationery chain is considering pulling out of Great Britain, where its local unit operates 107 stores across the country. The move is seen as a result of the failed merger with US rival Office Depot and would be another blow to Britain’s struggling high street.
African coke company gets going Coca Cola Beverages Africa, the merger of SABMiller’s non-alcoholic beverage businesses with those of Coca Cola and Gutsche Family Investments, has gained all necessary approvals from authorities and started operating this week.
Staying on top of the game Despite having no store estate, British online supermarket Ocado has ranked as the UK’s best supermarket for a number of years. Chief of Technology, Paul Clarke, talks about logistics and more behind the format.