Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Monday, 20 February 2017

Hello, subscribers
On Friday, the big news was Kraft Heinz’s GBP 115 billion takeover bid for Anglo-Dutch consumer goods giant Unilever. Well, due to strong resistance, the offer is no longer on the table. Also, Chinese e-commerce giant Alibaba is planning to gain a foothold in the online grocery market by purchasing a supermarket chain. Have a great day, and if you enjoy this edition, please share.


USA & AFRICA
Kraft Heinz cancels takeover bid   Just two days after proposing a GBP 115 billion takeover bid for the Anglo-Dutch consumer goods giant Unilever, Kraft Heinz has announced that it withdraws the offer due to the strength of resistance towards the proposal. On Friday, when the bid was announced, Sainsbury's chief executive Mike Coupe said competition authorities would have a "field day."  ▪
MC Sports calls it a day   Due to intense competition, the US sports goods chain filed for bankruptcy protection and will close all of its 66 stores across the Midwest.  ▪
ADVERTISEMENT
Source Great British Foods at IFE 2017
IFE 2017 (The International Food & Drink Event) takes place 19-22 March at ExCeL London. The UK's biggest food & drink event will be packed with innovative food & drink products from 1,350 suppliers. IFE is divided into 9 easy to navigate sections, including a Great British & Irish foods section. Find inspiration for your retail shelves at the show - get your free trade ticket at
www.ife.co.uk/lebz
African investments   In partnership with a local beverage distribution company, Portuguese brewery Central de Cervejas has begun production of Sagres beer in Angola. The company’s goal is to produce 353.5 million hectolitres per year +++ As part of its global expansion strategy, Croatian food processing company Podravka has invested EUR 4 million to open a factory in Tanzania, its first in Africa.  ▪
EUROPE
Amazon is expanding   The online retailer is going on a hiring spree in Europe. Despite Brexit, Amazon wants to create more than 5,000 jobs in Britain this year taking its permanent workforce there to 24,000. The tech giant wants to add a total of 15,000 jobs in its European operations. +++ In other news, the US e-tail powerhouse is a step closer to becoming a one-stop shop for all retail needs. By spring, Amazon is expected to take on big names such as Marks & Spencer and Next by launching its new private-label clothing range in the UK. ▪
Carrefour versus Lidl   The French retailer is taking legal action against the German discounter and its TV ads. Carrefour is claiming that Lidl France is not adhering to rules stating that promoted products should be available in all stores for at least 15 weeks. According to media reports, French supermarket chain Intermarché wants to join the legal battle.  ▪
ASIA & AUSTRALIA
Alibaba eyes grocery business   To gain dominance in the online grocery market, the Chinese e-commerce behemoth is reportedly planning to purchase Taiwanese supermarket chain RT-Mart. +++ US toy manufacturer Mattel, which recently teamed up with Alibaba to tackle the US$ 7 billion Chinese toy category, has partnered with Chinese online parenting community Babytree. ▪
Another threat for Aussie fashion   Amid fears that foreign brands are taking over the Australian fashion industry, Japan-based Miniso, which has more than 1,400 stores in China, plans to open 300 stores throughout the country. Miniso, which sells fashion, cosmetics and accessories, already has stores in Sydney Chatswood, Hurstville and Bondi Junction.  ▪
An Italian mall in Hong Kong   In order to reach half-a-million potential customers, Italian company RDM, which owns and operates Florentia Village malls in mainland China, has opened a new 60,000 square-foot site in the city’s KC100 complex.  ▪
WORTHWHILE READS
This year’s top-five food trends   An increased awareness of health and wellness and more fusion between retail and food-to-go concepts are two of the top-five food trends for 2017 identified by grocery research organization IGD. Read more.  ▪
Where do millennials shop?   The younger generation of shoppers isn’t too keen on supermarkets, according to research by Clavis Insight. Nearly two-thirds of millennials shop online weekly for groceries. The research also discovered that millennials’ favourite category is health and wellness products.  ▪

If this newsletter was forwarded to you, subscribe here!
For questions or comments please contact us here

To advertise in Retail Update click here

RetailUpdate is a product delivered to you by lebensmittelzeitung.net

ImprintArchive