Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 04 October 2016

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.


asia
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. ▪
Cutting back   Companies in the Indian beverages sector, which grew slower than consumer packaged goods in the past two years, are looking for new ways to boost consumption. Over in China, the government has slashed consumption tax on all cosmetic products sold in the country to stimulate domestic spending. ▪
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The golden spending spree   Nearly 600-million Chinese tourists will flock to local tourist spots or fly overseas during the 'Golden Week' holiday, which started on October 1, and are expected to spend US $ 72 billion in just 7 days. British retailers are hoping for a boost, as does El Corte Inglés in Spain. ▪
europe
Premium challenges   German discounter Aldi has raised the bar for supermarkets in Britain with the introduction of new wines and the relaunch of its steak range with premium Aberdeen Angus meat. Budget supermarket and rival Iceland fights back with the launch of a new range of luxury food at affordable prices. ▪
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
Fishing and hunting merger   Bass Pro Shops will acquire rival Cabela's for US$ 5.5 billion, uniting two of the biggest sellers of outdoor-sports gear with over-the-top megastores. Bass has also entered into a 10-year agreement with card provider Capital One, to whom Cabela's sold its credit card business. ▪
More acquisitions   In a bid to increase its advertising capacities, cloud computing company Salesforce has agreed to buy marketing start-up Krux for US$ 700 million, and US Foods, one of the USA’.s leading foodservice distributors, is set to acquire Jeraci Foods, an Italian specialty distributor based in New York. ▪
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. ▪
sustainability matters
On track with targets   Switzerland-based Coca-Cola HBC has announced seven new sustainability targets to reach its environmental goals +++  Italian company Siropack has presented a new traceability concept in food packaging that enables customers to access information about fresh produce. ▪
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. ▪

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