Hello, dear reader!
Tech giant Samsung partners with Australia's Woolworths to deliver groceries via the 'smart fridge'. US retailer Office Depot sells its European operations while collapsed British department store company BHS will make a reappearance online. Across the Atlantic, rolling robots and drones are being trialled for transport services. Enjoy our Monday bulletin and have a great start to the week.
asia & australia
Pressure Down Under Australian supermarket giants Coles and Woolies continue to reduce their product range to better compete with Aldi, which is a huge issue for their suppliers. Meanwhile, Samsung and Woolworths have teamed up and offer customers the opportunity to order groceries directly from the 'smart fridge'.
Redmart considers sale Singapore's leading online grocery service is seeking a buyer as competition intensifies in the city-state. The company is reportedly working with an investment bank on options, including a possible sale, and has contacted potential buyers, among them supermarket chain NTUC.
usa & canada
Department store expansions Hudson’s Bay plans to open Canada’s largest Saks Fifth Avenue store, in downtown Montreal. Saks made its Canadian debut in February, in Toronto. Meanwhile, Kohl's is expanding its smaller-store format with six openings in September in the Midwest of the US.
Africa & latin America
Acquisitions in Brazil Coca-Cola Femsa, the largest soft-drink bottler in Latin America, agreed to buy bottler Vonpar for US$ 1.09 billion. It is Coke's third acquisition in the country since 2013. Swiss food giant Nestlé is reportedly close to formally completing its takeover of Brazilian chocolate manufacturer Garoto.
Zimbabwe invests in milk The country's dairy industry is poised for further growth as the government and several industry players are pressing ahead with a comprehensive national milk production programme to ensure self-sufficiency by 2020.