Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Wednesday, 26 April 2017

Hello, dear reader,
More billion-dollar deals are shaping up - in the US, a mammoth acquisition has been announced in the meat industry, and in Europe, luxury empire LVMH takes over the Dior label. Also check out, why some key think artificial intelligence will cause pain, while others look at it as a solution for complex problems. Enjoy the read.

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USA & Canada
Expanding into food service   US meat giant Tyson Foods has agreed to acquire Ohio-based sandwich maker AdvancePierre in a US$ 3.2 billion deal, which will broaden its range of prepared foods. This comes on the heel of the company's announcement to explore the sale of three non-protein businesses.  ▪
Streamlining operations   Supermarket chain Supervalu is poised to sell underperforming locations as it concentrates on the integration of recently acquired Unified Grocers. Battling declining sales, apparel retailer J.Crew announced several strategic changes, including cutting 250 jobs. ▪
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Winners and losers   Coca-Cola plans to axe 1,200 jobs as it reported lower second-quarter profits, while McDonald's posted better-than-expected quarterly results thanks to its all-day breakfast and Big Mac promotions. Post-it maker 3M reported a 3.8% rise in net sales to US$ 7.69 billion in the three months up to March. ▪
Europe
Luxury consolidation   In a bid to simplify ownership structures, French multinational empire LVMH, led by billionaire Bernard Arnault, has agreed to take full control of fashion giant Christian Dior in a deal worth around EUR 12.1 billion. ▪
Shake-up at Nestlé    Nearly 300 employees face redundancy following an operational reshuffle in Britain, which will also see production of the iconic Blue Riband wafer bars move to Poland. The Swiss food giant employs more than 8,000 people in the UK. ▪
Good intentions   British optical retailer Specsavers signed a GBP 17.6 million deal with Japanese tech company Fujitsu to enhance retail experience with digital platforms. In Denmark, Dansk Supermarked has set itself a goal of halving its food waste by 2030.  ▪
Asia & Australia
Amazon Fresh in Japan   The US online juggernaut has started its fresh food delivery service in East Asia, allowing customers to receive products in as little as four hours. Japan is the third country where the multinational will offer the service following the US and the UK.  ▪
JD.com invests in logistics   China’s second-largest e-commerce company is set to build its own distribution network and has launched a new business group, JD Logistics. Online grocery shopping in China could more than double in growth between now and 2020, according to an IGD survey. ▪
Priceline revamps stores   Australia's largest health and beauty retailer has unveiled plans to upgrade its store formats with better lighting, a cleaner layout and wider aisles. Umbrella company API recently reported a half-year profit of A$ 29.1 million which will help hold off rival businesses like Sephora.  ▪
Future concepts
Pain or problem solver   While Alibaba founder Jack Ma sees a key social conflict in the rise of artificial intelligence, key decision makers think that it will help solve complex problems. That's according to a new report from PwC, and a survey by the Royal Society found that people are scared of AI for all the wrong reasons. ▪
Meet me at Apple   The US tech giant is in the process of revamping the look and feel of its retail outlets across the world in a bid to attract young people to use the stores as meeting places. Many consumers already visit Apple’s roughly 500 stores for reasons other than buying a new device. ▪

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