Hello, dear reader,
The media-shy owners of coffee company Keurig and doughnut chain Krispy Kreme are reportedly in talks to add another American company to their growing portfolio. Meanwhile, discounter Aldi and Save-A-Lot prepare themselves for rival Lidl's entry into the US market. Get informed about the latest news and have a great day.
USA & Canada
JAB to buy bakery chain
Boosting its burgeoning food empire that already spans coffee, bagels and doughnuts, private investment group JAB, a unit of the reclusive German Reimann family, is in advanced talks to acquire Missouri-based bakery chain Panera Bread for US$ 7 billion. No final agreement has been made so far.
Petco's digital investment
The pet supply chain operator boosts its digital initiatives with the purchase of PetCoach, a Philadelphia-based start-up that helps owners take better care of their animals. Its boss joins Petco as VP of strategic innovation and digital experience
Expanding in Britain
Aldi has opened a GBP 59.5 million distribution centre in Cardiff, creating 422 jobs, while Amazon has entered the lucrative business-to-business (B2B) supply market in the UK with the launch of Amazon Business, which is already available in Germany and the US.
E-commerce in Austria
After having introduced the country's largest online food shopping service in Vienna last September, Interspar Austria has announced an expansion of the service to Salzburg and surrounding areas, which will give the retailer access to around three million customers.
Asia & Africa
Betting on China
French multi Carrefour has opened its 27th store in Shanghai and is also offering an app for its online customers. Meanwhile, South Korean retail conglomerate Lotte Group is determined to continue to invest in its China business despite rising diplomatic tensions over the deployment of a US missile defence system.
Bigbasket thinks big
India's leading online grocer prepares for its next fundraising exercise, targeting an investment of over US$ 150 million, and is reportedly in talks with Internet giants Tencent and Amazon as well as Chinese business conglomerate Fosun.
Uchumi gets support
The Kenyan supermarket operator, which struggles to pay off debts it owes to its suppliers, will receive another taxpayer-funded financial bailout to support its business. The retailer said it is mulling re-entry into Uganda and Tanzania markets where it exited two years ago.
Australian supermarkets Coles and Woolworths have been criticised by environmental experts for overusing plastic, including wrapping everything from vegetables to fruit in plastic packaging. Competitor Aldi is also under fire despite its environmental ban on plastic bags.