Hello, dear reader!
Unilever's billion-dollar acquisition of US start-up Dollar Shave triggers speculation. Australia's Metcash receives clearance to take over units from Woolworths. Danish dairy company Arla reveals ambitious plans and discount giant Lidl is determined to become Spain's best employer. In the US, some inspiring tech projects are taking shape and the US Justice Department has cleared AB InBev's acquisition of rival SABMiller. Read these stories and more in today's issue.
Asia & Australia
Metcash gets approval In a "difficult decision", the Australian Competition and Consumer Commission has cleared the potential A$ 250 million sale of Woolworths’ Home Timber & Hardware business to rival Metcash, which already owns hardware chain Mitre 10.
Accelerating growth Arla Foods has outlined an ambitious strategy to grow in Britain. The Danish dairy company is determined to turn its brand into a GBP 400 million business by 2020 +++ Spanish supermarket operator Condis has invested EUR 6.5 million to open 26 convenience stores and remodel 10 in the past half year.
Mondelez to buy in Britain The American snack food giant is reportedly in talks with Birmingham-based business Burton's Biscuits to buy back the Cadbury biscuit licence in a deal worth up to GBP 200 million. However, the talks are at an early stage and may not result in a deal.
usa & canada
Irish success and online growth Dublin-based fast-fashion retailer Primark has opened its fifth store in the US with another five shops in the pipeline as it continues its expansion in the country. +++ Online retailer Ebay reported healthy second quarter results and expects up to US$ 8.95 billion in revenue for 2016.
Kroger invests in health The Cincinnati-based supermarket giant expands into the specialty pharmacy market and announced that one of its subsidiaries will buy Florida-based ModernHealth. The company will be folded into Kroger's Axium Pharmacy business.
US go-ahead for giant beer merger The US Justice Department has approved Anheuser-Busch InBev's roughly US$ 108 billion acquisition of rival SABMiller. The green light comes with a number of conditions such as restrictions on future craft beer and distributor takeovers.
virtual reality projects
Artificial intelligence US department store operator Macy’s will assist customers in navigating the store and has incorporated artificial intelligence from IBM Watson to test how well the technology can deliver information to shoppers.