Brewer Heineken is defying Brexit fears and marks its confidence in Britain by entering a multi-million deal with Punch Taverns. In the US, Cincinnati-based grocer Kroger is expected to attain a profit gain owing to the amended tax rates that the President-elect held out. PayPal has entered into its first partnership with a global bank. Enjoy the read and have a wonderful weekend!
7-Eleven targets Vietnam For its planned market entry in Vietnam, the Texas-based convenience store chain is reportedly planning to take over the VinMart+ chain, Vietnam’s largest c-store chain with more than 700 outlets.
Moving with the times As traditional mail volumes fall, national postal firms in Asia adapt to the needs of the e-commerce market, battling with delivery giants like FedEx and DHL.
New store models German discounter Lidl is planning an 'Express' format (paywall, German content) with the first test store featuring the new multichannel concept currently being built in Berlin. Spanish supermarket chain Mercadona has unveiled plans for a new efficient store model, investing EUR 180 million to refurbish and renovate 125 stores next year.
Kroger to benefit While the grocer is expected to profit considerably from President-elect Donald Trump's plans to lower the corporate tax rates, Kroger is offering early retirement to 2,000 corporate employees in an effort to cut costs.
trends to watch
Trendy bites Top food trends for 2017 as identified by Whole Foods, professional trendspotters and global buyers list wellness tonics, botanical or cider-based drinks, by-products and purple foods.
Amazon Go impacts Retail experts comment on the new store format of the e-commerce giant as being a 'game changer'. However, it does not come without risks.