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Amazon threatens its competitors by building a revolutionary check-out free store in Seattle. Rival Walmart doesn't stay idle and causes some ripples with its plans to test a convenience format. Portuguese retailer Sonae acquires a lifestyle restaurant chain and Britain's Tesco comes out of its dark place. Enjoy today's bulletin and feel free to share.
Expanding in the East Coca-Cola has opened a US$ 100 million facility in the Cambodian capital of Phnom Penh, and Korean chain K-Market is in talks with Vietnamese conglomerate VinGroup to expand its network to 100 supermarkets. Currently it operates 13 stores in Vietnam.
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Breaking new ground Amazon plans to open a checkout-free store, named Amazon Go, in Seattle in early 2017. It works with sensors, computer vision and deep learning. Competitor Walmart doesn't hold back and trials a convenience concept called 'Pickup and Fuel', which could become a major threat to its rivals.
General Mills restructures The Minneapolis-based multinational manufacturer of branded consumer foods will split the company into four business groups and has said it would cut as many as 600 jobs globally. Its French dairy unit, which makes Yoplait and Häagen-Dazs, will work independently.
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Frozen relationship The trademark dispute between Iceland the grocer and the country of the same name is far from over. Although the British frozen food retailer has sent a delegation to Reykjavik, the Icelandic capital, no agreement could be reached.
Fakes cost billions EUR 83 billion and 790,000 jobs are lost every year across the European Union due to counterfeiting and piracy. This was revealed by the EU Intellectual Property Office, which has analysed the effects of these activities on the economy.