Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Monday, 24 October 2016

Greetings!
A whole price range is being covered by recent mergers and acquisitions. In the biggest deal of the year telecom giants AT&T and Time Warner are seeking approval to merge. British American Tobacco places a bid to become the world's largest tobacco company. Australia's largest cattle empire is spoilt for choice with two bids on the table. Find out about these stories and more, enjoy the read, and have a good start into the new week!

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asia & australia
Thirst for beer   Changes are expected in the Vietnamese beer market, which is dominated by state-owned brewers, as the government is eying to sell stakes in brewers Habeco and Sabeco to local or foreign bidders in the first three months of 2017.  Habeco will list its shares for the first time this week on a secondary exchange, giving it a market value of US$ 405 million. ▪
Alibaba joins blockchain system   Open-source universal blockchain system Onchain partnered with Alibaba to provide the world’s first blockchain-powered email evidence repository to Ali Cloud. It will enable corporate users to synchronise and store critical data of important emails to third parties, which will also be accepted as evidence in Chinese courts.  ▪
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Counterbid for cattle   Australia’s largest cattle empire S. Kidman & Co. has received a bid of AU$ 386 million for 100% of its shares from an Australian syndicate. The consortium will compete against an earlier offer by mining boss Gina Rinehart and her Chinese partner Shanghai CRED, which it trumped by AU$ 21 million. ▪
europe
BAT reaches for the top   With its US$ 47 billion bid for the remaining stake in US rival Reynolds, British American Tobacco aims to become the world's largest tobacco group. A response by Reynolds American is expected this week. ▪
Lidl bickers in Ireland   The German discounter accused Tesco of blocking its plans to open new stores as the grocer has now lodged fresh planning appeals with the authorities against two more Lidl stores +++ In neighbouring Great Britain, latest results reveal a slump in sales for Lidl at stores that have been open for more than a year.  ▪
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Pricey products post-Brexit   Following the recent  'Marmageddon' dispute between Unilever and Tesco, now Swiss confectionary maker Nestlé considers a price hike in the UK. Those are expected to become more common after the Brexit vote. ▪
USA
Consolidating through acquisitions   While the media industry consolidates further with AT&T buying Time Warner for US$ 85.4 billion in the biggest deal in the world this year, the world's largest golf specialty retailer Golfsmith has been bought by Dick's Sporting Goods in a bankruptcy auction for roughly US$ 70 million. ▪
More moves for China   Walmart has made another big e-commerce investment in China by investing US$ 50 million in New Dada, an online grocery and delivery company. South African tycoon Christo Wiese has set his eye on the fashion chain market in the country, planning to open 500 stores of his British New Look brand in China within three years. ▪
Walgreens delays deal   Inspite of strong fourth quarter results, the pharmaceutical retailer has postponed the closing of its purchase of rival Rite Aid from the end of 2016 to the beginning of next year. Contrary to the US division's results, the UK arm of the business posted a decline in like for like sales of 0.8%. ▪
HOliday shopping Trends
Checking all options   With year-round steep discounts and new shopping events, the significance of traditional shopping holidays is shrinking. For the first time Black Friday is forecasted to no longer be the biggest sales day of the year. Likewise, brand loyalty has declined sharply. The trend among consumers of awaiting another - better - deal has been described as "the tinderisation of retail". ▪
Macy's opens even earlier   Against the trend of many retailers to keep their stores closed for Thanksgiving, the department store chain will be opening its full-line stores from 5pm this year, an hour earlier than last year. ▪

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