Wednesday, 05 October 2016
Hello, dear reader!
Amazon is in talks with the EU to settle an e-book antitrust probe. Several online fashion brands are set for expansion in Asia. Carrefour plans an IPO in Brazil. Italy's Conad trials organics and Delhaize includes Albert Heijn products. Over in the States, trading brands and buying stores are popular activities. Enjoy your read and please feel free to share.
Expanding overseas Japan's Fast Retailing, the owner of fashion label Uniqlo, intends to operate 1,000 shops for its low-cost GU brand overseas within 10 years. After increasing its outlets in Taiwan and China, the company will turn its attention to South Korea, Thailand and Singapore.
Alibaba supports fashion Grana, a Hong Kong-based online fashion retailer, has raised US$ 10 million in fresh funding led by Alibaba’s entrepreneurship fund. The funding will be used to grow Grana's product range and add more countries to its distribution list.
Settlements and sales Amazon is in talks with the EU to settle an antitrust probe regarding its e-book contracts with publishers +++ Doughnut maker Krispy Kreme UK has been sold to its American parent, which is currently in a sale process itself and about to be bought by JAB Holding, a unit of Germany’s reclusive Reimann family.
Esselunga in demand Four private equity funds are reportedly in talks to buy a majority stake in the Italian supermarket chain. The negotiations, however, started before the passing away of Essalunga founder, Bernardo Caprotti, last week. The future ownership is unclear.
usa & Latin America
Carrefour gets ready in Brazil The French retailer, which has been looking to list its Brazilian operation for years, plans to take it public next year. Over in Europe, Carrefour has won on a number of accolades recently, including the LEED Award and the Best Webshop prize for its Spanish webportal.
Nakumatt gets quality tick The supermarket chain was awarded the ISO 9001-2008 qualification for meeting customer, statutory and regulatory requirements by the Uganda National Bureau of Standards. Kenya-based Nakumatt is the only retailer in Uganda to achieve this international certificate.