The activist investor that turned organic grocer Whole Foods into a takeover target for Amazon makes millions of profit. Meanwhile, the mother of all online retailing continues its trail of disruption in Germany and in India, Flipkart is determined to have its way in the competitive e-commerce market. Enjoy the read!




Thursday, 20 July 2017





Hello, dear reader,

The activist investor that turned organic grocer Whole Foods into a takeover target for Amazon makes millions of profit. Meanwhile, the mother of all online retailing continues its trail of disruption in Germany and in India, Flipkart is determined to have its way in the competitive e-commerce market. Enjoy the read!

ADVERTISEMENT
Banner





USA


Cashing out ▪ Jana Partners, the hedge fund which became Whole Foods second-largest shareholder in April, has sold its stake in the natural grocer and made a profit of about US$ 300 million. Just a few months ago, Jana criticised the chain’s poor performance, pledging to shake up the board and seek a takeover.



Spicy deal ▪ Baltimore-headquartered spices maker McCormick has agreed to buy Reckitt Benckiser's food business for a higher-than-expected US$ 4.2 billion to give it a wider variety of seasonings and sauces. Earlier this week it was revealed that Unilever and US meat producer Hormel were also interested in the acquisition.



Temporary access ▪ Walmart’s Jet.com is cooperating with tech start-up Latch to test a keyless technology to access locked buildings for deliveries. The programme is designed to make online shopping easier for residents of non-doorman buildings and will be tested in 1,000 New York City buildings.




Europe


Fresh moves ▪ Just two and a half months after launching into the German market, Amazon Fresh has arrived in Hamburg with agility and speed. Meanwhile, hypermarket operator Kaufland proves that it has a 'green finger' in Romania, where it has initiated an urban gardening project.



Italian network ▪ Carrefour Italy recorded losses of EUR 203 million last year. However, a positive trend has been observed in the first half of 2017 and its supermarket segment is growing. Just recently, the French retailer has opened its first Supeco discount store in one of its former hypermarkets near Turin.



Supporting suppliers ▪ Spanish retailer Eroski has announced that it is introducing a new collaborative platform to manage relationships with its suppliers. The retailer has joined forces with IRI in Spain to improve the competitiveness of its commercial offer and develop new customer solutions.




Asia


Delivery test ▪ Indian online leader Flipkart is running a grocery delivery pilot programme in Bengaluru, and may expand it to other places in order to cope-up with the rival Amazon. Through the trial, the company is expecting to get innovative and unique propositions that today India does not have.



Chinese boss ▪ Apple has created a new leadership role in China and appointed Isabel Ge Mahe as managing director. She will coordinate teams across China. The announcement comes as the tech giant works to meet compliance measures under a new law.




Latin America & Africa


Going public ▪ The Brazilian subsidiary of French retail giant Carrefour started trading at the São Paulo stock exchange on Wednesday, cautiously pricing its initial public offering at the bottom of its expected price range. Nevertheless, it is the largest IPO in four years in Brazil, where the economic outlook is still uncertain.



Expanding Ara ▪ Portuguese retail group Jerónimo Martins has purchased five new stores in Colombia, where it operates the Ara supermarket chain. Details of the investment were not disclosed, but the retailer previously announced it would increase the number of Ara stores in the Colombian market by around 150.



Online in Zimbabwe ▪ Botswana-headquartered retailer Choppies has partnered with Variable Solutions to introduce an innovative online shopping system in Zimbabwe. The model was developed by Kamelee, the UK-based independent click & collect platform for African expatriates.