Hello, dear reader!
Dutch retail giant Ahold and Belgian Delhaize group finalize the mega-merger, while French cosmetics giant L'Oréal acquires an American skincare producer in another billion-dollar deal. Verizon has finally purchased Yahoo and Sainsbury's takeover bid for Argos was approved by authorities. Catch up on the most recent developments and have a great start to the week.
asia & australasia
Woolies to sell Ezibuy The Australian retail giant will spend almost A$ 1 billion on a restructuring process that will result in store closures and up to 500 job losses in its home country and New Zealand. The company also explores the possible sale of its online retail company Ezibuy.
Fast fashion launches Japan's global fashion label Uniqlo has opened an online store in Thailand, completing its physical stores in the country +++ Cover Story is a new shop-in-shop brand, developed by the Future Style Lab, the latest subsidiary of Indian retailer Future Group, which aims to counter global brands like H&M and Zara.
Fuelling competition in India Unilever Hindustan plans to introduce a range of baby care products under its Dove brand to challenge the dominance of rival Johnson & Johnson. Experts believe that the baby personal products category has huge potential in India.
europe & Middle East
L’Oreal buys in the US In its largest acquisition in eight years, the French cosmetics giant has agreed to buy US-based IT Cosmetics for US 1.2 billion, adding some 300 skincare and make-up products to its portfolio. The company will become part of L'Oréal's Luxe division.
Sainsbury's gets approval The competition regulator has given the all-clear for the supermarket chain’s GBP 1.4 billion takeover of Argos' owner, Home Retail Group. Meanwhile, agents have been brought in to market 18 Netto stores (paywall) in Britain after Sainsbury's pulled the plug on the partnership.
Apps for easy shopping Israeli start-up SuperSmart has developed an app that allows shoppers to skip checkout lines by paying for items with their smartphones. The system is currently being used in a trial run +++ Onmichannel provider TouchCommerce has created human-like dialogues with a "smart" virtual assistant to help selling in digital channels.
usa & brazil
Food unit for sale BRF SA, Brazil’s biggest processed-food maker and poultry exporter, is considering selling stock in its Sadia Halal unit in a deal that could value the food products company at about US$ 5 billion. In April, BRF reported its worst results in four years.