In the US, Walgreens and Rite Aid take a step closer to their intended merger by selling 865 Rite Aid stores to Fred's pharmacies, China's Bright Food seeks to offload the traditional British breakfast brand Weetabix, and in Europe, McColl's has been given the approval to purchase 298 Co-op stores. Find out about these stories and more. Enjoy the read!
Weetabix for sale China's state-owned Bright Food Group is looking to sell the breakfast cereal maker in a deal valued at about GBP 1 billion. The sale process is expected to start in January, less than five years after the Shanghai-based conglomerate agreed to take control of the 84-year-old famous British brand.
Coming to India A month after US technology icon Apple reportedly asked the Indian government for financial incentives, it seems to be moving forward with manufacturing in the country. South Korean conglomerate Samsung is preparing the launch of its Samsung Pay feature into the Indian market during the first half of 2017.
Hanjin Shipping's sell-off As it faces liquidation, South Korea's largest but troubled shipping line continues selling key assets with the sale of its stake in US Total Terminal International to Geneva-based shipper MSC.
Record year for The White Company The lifestyle retailer, which runs 55 stores across the UK, rings up a whopping 51% surge in earnings, another record year for the upmarket brand that started off as a catalogue business in 1994.
Driving growth Takreem El Tohamy, IBM's General Manager for the Middle East and Africa, and the US President's Advisory Council on Doing Business in Africa, expects technologies to drive growth and to transform industries in Africa.
E-commerce scepticism In spite of 'Black Friday' having become trending keywords on Google in Kenya, Nigeria & South Africa, the majority of Africans in the Sub-Saharan region do not trust online shopping sites.