Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 25 October 2016

Greetings!
Germany's ex-chancellor has been brought in to mediate the quarrel over the takeover of Kaiser's Tengelmann. In India, the sudden removal of Tata Group's Chairman is bound to cause some turmoil, and in China, the organic milk market, which is expected to experience a rising appetite, is being stirred up. Find out about these stories and more. Enjoy the read!

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ASia
Future Group and Procter & Gamble close ranks   The Indian conglomerate and the American multinational consumer goods company are planning to take their relationship beyond retailer-client, exploring a long-term partnership similar to the one P&G has with Walmart in the US. ▪
Yili captures organic milk   Chinese dairy company, Yili Group, acquires a 37% stake in China Shengmu Organic Milk for US$ 680 million in the second-biggest dairy industry deal worldwide in the past two years. The Inner Mongolia-based company could lift its stake even further, giving it majority control of the largest Chinese organic milk producer. ▪
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Tata Group chairman laid off   India's largest conglomerate abruptly ousted its chairman of almost four years. Cyrus Mistry was replaced by his predecessor Ratan Tata who will serve as interim chief. ▪
europe
Stepping in and speaking up   Germany's former chancellor Gerhard Schröder is stepping in to lead mediation procedures between supermarket chains Edeka, Tengelmann and Rewe over the takeover of Kaiser's Tengelmann +++ European Council President Donald Tusk and Canadian PM Justin Trudeau stress the need to find a solution on Ceta, the free-trade agreement between Canada and the EU, after Belgium Walloons have blocked the deal. ▪
Closing in Russia   Four years after opening its first food store in Russia, Finland's second largest retailer Kesko is seeking to sell its food retailing business. Russia's biggest food retailer Magnit will end the year with fewer net store openings than planned following its major store clean-up programme, shutting inefficient ones and refurbishing others. ▪
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USA
Paying for toys   Toys 'R' Us steps up the competitive pressure on online retailers with its announcement to match prices to 20 competitors this holiday season. Department store chain Sears denied reports which drew a connection between its Kmart stores and toy company Jakks Pacific, which had stopped shipments due to price disputes with an unnamed "major US customer". ▪
Android Pay partners   Google's digital wallet platform extends its reach by striking a partnership with Visa and Mastercard to simplify mobile web purchases. ▪
New store concepts   Office Depot plans to open 25 stores in its redesigned format in 2016 and a further 75 in 2017. The first 'Store of the Future' opened last week in Hampton, Virginia. Southeastern Grocers has opened its second next-generation Winn-Dixie concept store in South Tampa, Florida. ▪
Developments to watch
Superfast copycats   Traditional notions of intellectual property are being shaken as China’s copycat phenomenon extends well beyond multinational corporations and affects all businesses from start-ups to the likes of Gucci or Nokia. ▪
Engaging and personalising   Selling experiences is one of the hottest trends in retail and the industry is expected to be heading that way even more in the future. Personalised incentives have been found to drive loyalty, especially with younger generations. ▪

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