Hello, dear reader!
Merger time in the US - outdoor specialist Cabela's is taken over by rival Bass Pro Shops, while cloud company Salesforce acquires a marketing start-up and US Foods ramps up its Italian offer. In the UK, Aldi moves the bar higher in the premium segment and in China, McDonald's is about to turn its empire into a cash machine. Get informed and if you like what you read, please share.
McDonald's restructures The fast food giant is considering turning its 2,200-store strong empire in China into franchise operations and expects to get paid up to US$ 2 billion from investors. Equity firms Carlyle Group, TPG, and Bain Capital have reportedly shown interest.
Russian joint venture X5 Retail Group, one of the country's leading retailers, will soon offer additional services. The company and global telecommunications service-provider VimpelCom have agreed to open over 1,600 'Beeline' mobile phone outlets in X5 discount stores.
Ice cream fusion sealed Swiss food company Nestlé and Britain's R&R Ice Cream have completed their Froneri ice cream and frozen food joint venture, which was announced earlier this year. With sales of around EUR 2.6 billion euros, it will operate in 22 countries across the world.
usa & canada
Best Buy pays penalty The US consumer electronic retailer has agreed to pay a US$ 3.8 million penalty for selling and distributing recalled items. The Consumer Product Safety Commission claimed that the retailer sold about 600 already-recalled products, including cameras, computers and washing machines.
Scandinavian efforts A survey, carried out by the Finish retail company K-Group, has found that around 70% of their customers worry about food wastage. Over in Sweden, the UN has announced that leading retailer ICA Gruppen has won an award for its 'Klimaträtt' (Climate-right) project.