Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Monday, 11 July 2016

Hello, dear reader!
Litigation matters in the FMCG industry: Beverage giant Diageo investigates improper actions in India and tobacco firm Philip Morris has been defeated over tobacco packaging in Uruguay. In Europe, the Brexit fallout continues to take its toll and in the US, an unusual discount store has opened. Have a great start to the week.


asia & Australia
Diageo to pursue Indian tycoon   The British spirits company said it had discovered "improper transactions"  involving its Indian spirits arm, United Spirits, and that it would seek to recover any diverted funds. Vijay Mallya, former chairman of United Spirits, however, says the allegations are unfounded. ▪
Eyeing more market share   French global cosmetics giant L’Oréal has acquired a larger share of the cosmetics market at leading online beauty store Nykaa +++ Mumbai-based fashion multi Aditya Birla has become joint venture partner of US fashion chain Forever 21 by purchasing its exclusive offline and online rights. ▪
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Disappointments Down Under   The 67 stores of Australian retail chain Geographic, which specialises in educational toys and scientific gadgets, might have to shut down unless a new owner for the loss-making venture is found +++ Online retailer Kogan has crash-landed onto the sharemarket on its first day of trade last week. ▪
europe & Israel
Expansion and other strategies   Danish discounter Netto is looking to double its store presence in Sweden, where it operates currently 157 outlets +++ France's Bel Group has signed a marketing agreement with Facebook France to drive the cheese-maker’s online presence and to monitor the effectiveness of promotions. ▪
In the wake of Brexit   The market for retail property remains strong after Britain voted to leave the EU, according to retail real estate company Hammerson. Meanwhile, figures from accounting firm BDO reveal that UK retailers had their worst June in a decade, and the Bank of England considers cutting interest rates in an effort to avoid a post-Brexit recession. ▪
Tough stand on suppliers   Israel's Antitrust Authority wants major food suppliers to remove all their brand stands from major supermarkets within two weeks, and from all other stores in Israel by 7 August. Displays and stands are seen as an attempt to influence supermarkets. ▪
usa & Latin America
Philip Morris loses lawsuit   The American tobacco giant sued Uruguay for its strict regulations on smoking, seeking compensation for economic damages, but the World Bank's International Centre for Settlement of Investment Disputes ruled in favour of the Latin American country. ▪
Buying stakes and stores   Department store operator Nordstrom has bought a minority stake in DS Co., a software company that links inventory management between retailers and suppliers +++ In Texas, supermarket chain Fiesta Mart announced that it will purchase all 11 Minyard Food Stores from owner RLS Supermarkets in the Dallas area. ▪
Discount start-up gets ready    LogicLane, a start-up company that provides discount wholesale grocery supply chain services through an e-commerce marketplace, has entered the retail arena by opening supermarket Mill Street Merchants in Pennsylvania, promising to deliver amazing deals and eliminate food waste. ▪
africa
Pick n Pay makes progress   The long-term turnaround programme of the South African grocery chain is progressing well, says ratings agency Fitch, and affirmed the company's credit rating as A. Compared with competitor Shoprite, Pick n Pay is said to be more reliant. ▪
Edcon continues to struggle   Full-year results of the Johannesburg-based retailer are unlikely to show an improvement according to analysts. In its third-quarter, the highly indebted retailer reported a decline in sales and trading profit claiming tough retail competition. ▪

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