Hello, dear reader!
Germany's Metro and Japan's Rakuten are venturing into the cloud by investing in start-ups. American ice cream company Cold Stone Creamery enters Lebanon, and Aeon launches in Myanmar. Lidl UK and Albert Heijn are trialling new private label ideas. In the US, Gamestop acquires to diversify and FMCG giants reveal their latest results. Enjoy the read and share the news.
Asia, New Zealand & Middle East
Japanese expansions E-commerce giant Rakuten is leading a US$ 35 million funding round for Singapore-based start-up Carousell, which will help the app to expand into other markets +++ Aeon will be the first retailer to open a supermarket business in Myanmar via a joint venture with a Yangon-based company.
Ice cream for Lebanon Arizona-based Cold Stone Creamery, owned by Kahala Brands, plans to bring its 'Ultimate Ice Cream Experience' franchise to the Middle Eastern country, with plans to open multiple locations. The first store will be launched in the capital city of Beirut.
Private label experiments Dutch supermarket chain Albert Heijn is set to cut the sugar in its private label products by up to 40% and will introduce a colour-coded branding system for its soft drinks, while German discounter Lidl (paywall) will test a new private label baby brand in the UK.
Digital decisions French retailer Carrefour has upgraded its online presence in Italy and relaunched its online store in Brazil, after a four-year absence, and Germany's Metro Group has acquired a stake in Munich-based start-up Shore, a market leader in cloud-based solutions.
usa & canada
Gamestop diversifies The Texas-based independent retailer of video games has acquired 507 AT&T stores as part of its plan to diversify and reduce its dependence on sales of video games. Gamestop declined to reveal the purchase price.
Petco powers ahead Keeping up with its ambitious 2016 growth plan, pet specialty retailer Petco celebrates the opening of 12 remodelled stores in Seattle this weekend. The company, which operates more than 1,430 locations across the US, Mexico and Puerto Rico, opened 26 stores so far this year.