David Jones and Aldi are betting on Australian foodies, with the former opening a food hall in Sydney and the latter signing up to a TV cooking show sponsorship deal. Meanwhile, British discounter B&M moves into the convenience market, and Canada's Metro enters the lucrative ready-to-cook meal segment. Enjoy the read!




Thursday, 03 August 2017





Hello, dear reader,

David Jones and Aldi are betting on Australian foodies, with the former opening a food hall in Sydney and the latter signing up to a TV cooking show sponsorship deal. Meanwhile, British discounter B&M moves into the convenience market, and Canada's Metro enters the lucrative ready-to-cook meal segment. Enjoy the read!




Europe


Bargain for convenience ▪ Discount retailer B&M tackles the convenience food market with the acquisition of grocer Heron Food Group, which runs 251 stores, mainly in the North of England. The deal is said to be worth GBP 152 million and seen as a significant shake-up for the industry.



Supporting solar power ▪ Swedish furniture giant Ikea is partnering with London-based firm Solarcentury to offer solar panels and batteries to its customers in the UK. With prices starting at GBP 3,000, the home batteries are designed to work with existing solar panels.



Reporting results ▪ Asda has posted its worst annual figures since being taken over by Walmart, underlying sales plunged 5.7%, making it the weakest of UK's Big 4. Better off is German fashion house Hugo Boss, which generated sales of EUR 1.28 billion in the first half of its financial year.




USA & Canada


Metro adds Miss Fresh ▪ Ever-responsive to industry trends, Canadian retailer Metro, which operates a network of 600 stores across the country, is tapping into the growing market of ready-to-cook meals with the acquisition of Montreal-based delivery company Miss Fresh.



Exec changes ▪ Mondelēz International has announced that Dirk Van de Put, current president and CEO of McCain Foods, will succeed Irene Rosenfeld as CEO. Chief financial officer Max Koeune will take the top job at the Toronto-based frozen food company after Van de Put's departure.


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In love with fashion ▪ US retailer J.C.Penney has partnered with the "Project Runway" TV show to create a contemporary women's fashion label of the same name. Betting on fashion is also popular on the other side of the Atlantic, where Aldi recently introduced private label collection ‘Music Loves Fashion’.




Asia & Australia


Focus on Southeast Asia ▪ After having launched in Singapore, Amazon has reportedly set its eyes on South Korea, where it recently hired dozens of employees and is reportedly in discussion with a financial company. The battle between Alibaba and Amazon for e-commerce dominance is about to begin.



Innovative ideas ▪ Aldi Australia has entered the TV cooking shows battleground through a sponsorship deal with Hell’s Kitchen. The discounter will feature its pantry alongside celebrity chef Marco Pierre White. Meanwhile Japan's Uniqlo has put a new spin on fast fashion by launching vending machines at US airports and malls to sell clothes.



Payment moves ▪ US credit card companies are getting ready to enter the fast-growing payment market in China after it has been deregulated, with Visa as frontrunner. Meanwhile, online payments firm PayPal has launched innovation labs in India and Paytm plans to rival Whatsapp with messaging and games.




Picture gallery


Dinner at David Jones ▪ The department store chain has launched its first food hall in Sydney and hopes that the move will bring the company back to its 'foodie heyday', when eating at DJ's was regarded world-class. Have a sneak peak inside the market .



Flagships and pop-ups ▪ Soft-discounter Pyaterochka is one of the banners of Russian leader X5 Retail Group. Its flagship market in Moscow is worth a visit. Here are some pictures. Over in Switzerland, retailer Coop has opened its first wine pop-up called Mondovino. Check it out. (All captions in German).