Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Monday, 01 August 2016

Hello, dear reader!
More hurdles are out of the way for the world's largest beer merger - AB InBev and SABMiller. Alibaba expands its offer in the health care sector, while founder Jack Ma invests in Israel. China proves to be a lucrative market for Brazil's beef exporters and a Kenyan furniture maker aims to be the Ikea of Africa. Have a great start to the week.

asia & middle east
Alibaba eyes more markets   Jack Ma and a consortium led by Shanghai Giant Network Technology have agreed to pay US$ 4.4 billion for Israel-based Playtika, the online game unit of Caesars Interactive Entertainment. In China, conglomerates Fosun and Alibaba plan to expand their offerings to the health care market. ▪
Layoffs in India   Bengaluru-based e-tailer Flipkart wants employees who have failed to meet expectations to leave the company. This will impact 700 to 1,000 people. Flipkart is the latest to axe jobs. Previously, Snapdeal, Zomato, Grofers and a host of others had laid off staff. ▪
China approves beer merger   The world’s largest beer merger jumped two crucial hurdles as Chinese authorities gave the green light for AB InBev's acquisition of SABMiller and shareholders of the latter recommended that they accept the improved takeover bid of the former. ▪
Sainsbury's sells pharmacies   The national competition watchdog has given approval for Celesio, the parent company of Lloyds Pharmacy, to acquire 270 pharmacies from the British supermarket operator for GBP 125 million with the condition for Celesio to sell pharmacies in 12 areas to a new owner. ▪
Casino enjoys profit jump   The French retailer could book a massive capital gain from the sale of its supermarket chains in Asia. Revenue surged in the first half of the year with a net profit of EUR 2.58 billion, up from EUR 79 million in the same period last year. ▪
Good intensions   As part of its commitment to responsible and sustainable sourcing, the UK unit of German discounter Lidl has announced that it will phase out the sale of caged hen eggs from 2025. Meanwhile, competitor Tesco has launched a 'free fruit for kids' initiative in over 800 stores. ▪
usa & canada
Albertsons improves service   The Idaho-based supermarket company has signed a deal with software firm Symphony EYC to use the company's customer-centric retailing platform. Albertsons also launched a new grocery delivery service and app that brings customers’ grocery orders to their homes. ▪
For better distribution   In preparation for this year's holiday rush, online giant Amazon adds 18 warehouse facilities this quarter versus just six during the same time last year. Home improvement retailer Lowe's is set to build a direct fulfilment centre near Nashville with a square footage of 1.1 million. ▪
latin america & africa
Focus on recovery    Brazilian food processor BRF posted a drop in profits, but investors ignored the plunge - the shares rose 4.3% - to focus on an expected recovery. Meanwhile, Chinese consumers are eating more beef than the country can produce, which led to a sales bonanza for exporters in Brazil. ▪
Strong growth   Mexican beverage company Femsa and Walmart's Mexico division Walmex recorded a solid growth for Q2, helped by continued expansion and growing demand in core markets. Check out what else happened in retail across Latin America in the second quarter of 2016. ▪
Innovative in Kenya   FunKidz is a Kenyan furniture brand, whose founders are determined to become the Ikea of Africa. The company, which started in 2010 with two employees, now employs 23 people and sells in Kenya, Rwanda, and Uganda. ▪

If this newsletter was forwarded to you, subscribe here!
For questions or comments please contact us here

To advertise in Retail Update click here

RetailUpdate is a product delivered to you by