British grocer Asda is reportedly considering a bid for discount retailer B&M. Germany's Lidl is seeking direct supply contracts with large-scale farmers and UK's Tesco is pushing the boundaries of retail grocery deliveries. Across the Atlantic, Whole Foods attracts customers in Harlem. Enjoy the read.




Tuesday, 25 July 2017





Hello, dear reader,

British grocer Asda is reportedly considering a bid for discount retailer B&M. Germany's Lidl is seeking direct supply contracts with large-scale farmers and UK's Tesco is pushing the boundaries of retail grocery deliveries. Across the Atlantic, Whole Foods attracts customers in Harlem. Enjoy the read.

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Europe


In takeover mood ▪ Struggling grocer Asda could be the latest supermarket to expand its estate in a high-profile acquisition. The British Walmart-unit is reportedly considering a GBP 4.4 billion bid for discount retailer B&M. But an analyst warns that the move could distract its parent company from its real task in Britain.



Battle for soil ▪ Lidl is approaching large-scale farmers to deliver directly to the fruit centres that serve the discounter's 3,200 German stores, bypassing procurement organisations. LZ Retailytics thinks that working with a handful of bigger suppliers might give Lidl comfortable advantages.



Tesco delivers ▪ The UK supermarket leader will be the first retailer to offer nationwide same-day grocery delivery. The company announced that the service, which started in 2014, will get underway in August. Tesco has seen an 18% growth in demand for the same-day service throughout 2017.



Rebranding in Estonia ▪ Coop Eesti, the country’s leading supermarket operator, is set to rename all three of its grocery banners. The initiative supports the retailer’s strategy to double its market share by 2025 and coincides with the previously launched store refurbishment programme.




USA & Latin America


Bakery deal ▪ In a major expansion of its global reach, Mexican bread empire Grupo Bimbo, has reached an agreement to buy East Balt Bakeries, a supplier of buns and muffins to fast-food chains. The deal is said to be worth US$ 650 million.



Inside Whole Foods ▪ The organic grocer has opened a new store in New York’s Harlem, highlighting a selection of local products. Here are some images. Meanwhile, the company's potential buyer, Amazon, has started to re-file documents as the Whole Foods deal has come under scrutiny.



Crunching numbers ▪ Consumer products company Colgate-Palmolive has posted worldwide net sales of US$ 3.8 billion in Q2, and Alphabet is raking in cash. The parent company of Google enjoyed a quarterly revenue of US$ 26 billion despite the hefty US$ 2.7 billion fine from the EU.




Asia


Payment partnership ▪ Alibaba's financial affiliate Ant Financial and Malaysia's second-biggest bank will form a joint venture to provide mobile wallet and related financial services in the southeast Asian country. Both parties are determined to create a 'world-class online and offline payments provider'.



Courier problems in China ▪ Deutsche Post DHL, Europe’s biggest mail and express company, is looking to partner with a mainland delivery counterpart to help cope with the surging volume of European goods shipped into China. Meanwhile, Chinese e-commerce platform JD.com is locked in a war with two of the country's major courier companies.




What to watch


Break for meat giants ▪ A safety scare, a political scandal, export bans - this year’s headlines could scarcely be worse for Brazilian meat producers like JBS, Marfrig Global Foods or Minerva. Yet right now they’re enjoying stellar market conditions for beef. Domestic beef demand has shown some signs of recovery, writes Bloomberg.



Blue Apron gets tasty ▪ The US meal-kit delivery start-up has received some positive reviews, which let its shares jump as much as 20%. The optimism comes even as Amazon appears to have emerged as a direct competitor. Here is what the analysts say.