Hello, dear reader!
AB InBev will become a brewing powerhouse as the last hurdle is out of the way. In the US, Amazon will be part of an artificial intelligence team, while Lidl and Aldi's agressive expansion plans cause some concerns. French retailer Auchan has a new purchasing partner and Russia's X5 Retail invests in pharmacies. Read these stories and more in today's issue.
asia & new Zealand
Japanese joint venture Tokyo-headquartered department store operator Isetan Mitsukoshi has announced a mail-order food sales joint venture with vegetable delivery specialist Oisix, hoping to turn around its money-losing existing business.
Megabrew takes final hurdle Anheuser-Busch InBev NV won approval for its US$ 100 billion-plus takeover of rival SABMiller. Shareholders from both companies voted overwhelmingly in favour of the acquisition, which is one of the largest corporate mergers in history.
usa & canada
Latin America & africa
BRF cuts payments Brazil's biggest food processor will cut the prices it pays to suppliers as it tries to restore profits that have been squeezed over the past year. The measure is a response to both the country’s economic crisis and the surge in domestic commodity prices.
Sonae acquires in Mozambique The retail unit of the Portuguese conglomerate has entered into a partnership with Satya Capital, an investment firm focused on the African market, and purchased two food stores in Mozambique for US$ 6 million.