Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 01 November 2016

Hello, dear reader!
Store expansions are on the agenda at Carrefour, Denmark's Netto and Poland's Biedronka. Meanwhile, Lidl and Russia's X5 are pushing their online activities. Britain's Tesco and Australia's Woolworths have to deal with lawsuits. Over in Germany, an agreement could be reached to solve the dispute over Edeka's takeover of Tengelmann. These stories and more are featured in today's issue. Enjoy the read.

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asia & middle east
Alibaba paves the way   The Chinese online behemoth is set to create a separate cultural and entertainment unit and plans to raise more than US$ 1.48 billion for an affiliated investment fund. In Australia, Alipay has signed an agreement with Commonwealth Bank to allow Chinese visitors to use its mobile payment technology while in the country. ▪
DHL opens in Singapore   In a bid to further enhance their multi-hub strategy in the region, German-based international shipping specialist DHL Express has launched its new South Asia hub in Singapore. The US$ 93 million facility will operate 24 hours a day. ▪
Carrefour eyes the Gulf region   The French retail giant plans to open ten new stores in the UAE in 2017, according to Majid Al Futtaim, Carrefour franchisee in the Middle East, Africa and Central Asia. The retailer targets 140 hypermarkets and 210 supermarkets in the region by 2018. ▪
europe
Online initiatives   German discounter Lidl is getting ready to begin selling online in Spain, according to efeagro.com. The company has already hired staff working on the rollout. Russia's X5 Retail Group (paywall) is about to trial online sales for its Perekrestrok banner. In Britain, beer brand Peroni and online supermarket Ocado are testing a smart device to order beer via fridge. ▪
Store plannings   Danish discount chain Netto, owned by Dansk Supermarked, has decided to double the number of its stores that are open around the clock. Polish counterpart, Biedronka, owned by Portugal's Jeronimo Martens, is planning to open 100 more stores in Poland. ▪
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Successful mediation   Germany’s vice chancellor, Sigmar Gabriel, says a deal has been reached to save thousands of jobs at ailing supermarket chain Tengelmann. The announcement came after ex-Chancellor Gerhard Schröder was called in as an arbitrator in the ongoing dispute over Edeka’s takeover of Kaiser’s Tengelmann. ▪
usa & Latin America
Dean Foods in demand   Shares in the US dairy giant are on the rise after it was reported that China’s Hangzhou Wahaha Group, a large beverage distributor, may be lining up a bid for Dean Foods. The Chinese company is said to have approached banks to aid in financing a potential offer. ▪
JBS cancels spin-off   The Brazilian meat-processing giant abandoned a reorganisation plan, which included separating its global operations from the domestic one and relocate the former to Ireland. The proposal was vetoed by Brazil’s state development bank, creating uncertainty about the company’s future. ▪
litigation matters
Tesco in trouble   The British retail icon is facing a claim of more than GBP 100 million in damages by a group of investors who say the supermarket made misleading statements to the stock market. The claim was filed by law firm Stewarts Law at the high court in London on Monday. ▪
Woolies in court   The Australian Competition and Consumer Commission and retail giant Woolworths are finally in the Federal Court this week over allegations the retailer engaged in unethical conduct after it demanded AU$ 60 million in extra payments from suppliers. ▪

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