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Australia's Woolworths names Tesco veteran as its new supermarket boss. Japan's Sumitomo gets the green light to acquire fruit major Fyffes, and Detsky Mir, Russia's biggest toy retailer, finally goes public. In the US, Whole Foods bets on local suppliers and a convenience chain eyes Florida for growth. Enjoy the read and feel free to share the news.
asia & australia
E-commerce alliance Indian online grocers BigBasket and Grofers are reportedly in talks about a possible merger. If the deal goes through, it will be one of the most significant moves towards consolidation in a sector, which has been heavily reliant on investor capital to grow in the recent years.
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Detsky Mir to go public Russia's largest children's goods retailer plans an initial public offering in Moscow in the next few weeks. This is one of the first major flotations after a recovery in oil prices and signs that the country's economy is stabilising. Detsky Mir had looked into a stock market listing as early as 2013.
Fyffes becomes Japanese Shareholders of the Irish fruit distributor have overwhelmingly approved the EUR 751 million takeover bid from Japanese food group Sumitomo Corporation. The acquisition, announced in December 2016, brings together the two largest banana distributors in Asia and Europe.
Beiersdorf tops analysts' expectations The Nivea cream producer, Beiersdorf, reports a 3.2% rise in organic sales for 2016. According to preliminary results, sales grew to 6.75 billion euros. The operating profit-margin target was confirmed.
usa & Latin America
Whole Foods sources locally The Texas-based supermarket chain is looking for unique products from local growers and producers to feature in the new Riverdale Park Station store, scheduled to open in late spring 2017. The company defines local products as grown or produced within 100 miles of a store.
Wawa to grow in Florida The Pennsylvania-based convenience store chain plans to open 25 to 30 stores every year in the Sunshine State during the next several years. Wawa will start its push with a first wave of stores opening in Palm Beach and Broward Counties.
Increasing efficiency Electronics chain Ricardo Eletro, subsidiary of Brazilian retail company Máquina de Vendas, is set to work with software solutions from Oracle to streamline its operations. The company faces the challenge of integrating more than 900 stores and 12 distribution centres.
Unusual & remarkable
Replacing stickers In response of consumer demand for less packaging and to get rid of the humble fruit sticker, Dutch fruit and veg supplier Nature & More and Swedish supermarket ICA have joined forces to run a trial to replace sticky labels on organic avocados and sweet potatoes with a laser mark.
An Uber for parcels South African start-up WumDrop aims to be the 'Uber' for same-city deliveries and has launched its Deliver 2 Me service, which allows users to deliver packages to the exact location of recipients by determining their GPS location on their smartphones.