Continuing its expansion in the Asian region, Alibaba's Ant Financial joined forces in Hong Kong and supports start-ups. Amazon expands in the Gulf states and a billion-dollar merger might be shaping up in Canada. Get informed about the latest developments in our industry and have a great day!




Thursday, 28 September 2017





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Continuing its expansion in the Asian region, Alibaba's Ant Financial joined forces in Hong Kong and supports start-ups. Amazon expands in the Gulf states and a billion-dollar merger might be shaping up in Canada. Get informed about the latest developments in our industry and have a great day!




USA & Canada


Merger talks ▪ Canadian food retailer Metro is in talks to acquire Quebec-based pharmacy chain Jean Coutu for US$ 3.62 billion. The news comes at challenging times as provincial regulations over drug pricing weigh on pharmaceuticals and food competition increases.



Enhancing customer experience ▪ Footwear giant DSW wants to 'inspire self-expression' with a new store concept inspired by its warehouse roots. Online service Door to Door Organics is set to help customers plan meals while they shop, and Macy's is overhauling its loyalty programme with a focus on its best customers.



Long recovery road ▪ Nike has recorded its slowest quarterly sales growth in almost seven years. Analysts think that the footwear giant's business will go back on track, but it might take a while as US sports good chains have been shutting stores and cutting prices and online shopping grows.




Europe


Digital overhauls ▪ Tesco has unveiled a new mobile payments app, which replaces its PayQwig and will make shopping trips more convenient for customers. British variety store chain Poundland accelerates the checkout process by implementing 1,400 NCR self-service kiosks.



Management reshuffles ▪ Dairy giant FrieslandCampina announced that Hein Schumacher, who previously worked for Ahold in Asia and Central America, will be its new chief executive come January. Perfume and cosmetics retailer Douglas has appointed Tina Müller as its new CEO.



Oasis in Paris ▪ Franprix, a unit of Group Casino, introduced an innovative convenience store called Franprix Noé. The French grocer, which has already opened two outlets in the capital city, describes the store as a place for urban customers who want to shop gourmet, organic, and local produce.




Asia & Middle East


Focus on Hong Kong ▪ In a bid to expand its mobile payment service Alipay, Alibaba's Ant Financial has partnered with CK Hutchison in Hong Kong. Staying in the region, the Chinese e-commerce major also wants to help foster more start-ups. Meanwhile, Deliveroo has launched a delivery-only kitchen in the vibrant metropole.



Overseas investments ▪ US competitor Amazon concentrates on India and the Middle East. Starting in Bahrein, the online giant will ramp up its AWS coverage around the gulf, and only a mere hop-skip-and-jump away, it has launched a business-to-business marketplace in India.



Ambitious goal ▪ Arla Foods has launched its first branded organic milk product in the United Arab Emirates and aims to become number one dairy brand in the Middle East and North Africa by 2020. The Danish company also has plans to expand into Saudi Arabia and Kuwait in 2018.




Africa & Latin America


Coke in Nigeria ▪ The Nigerian unit of the Atlanta-based beverage maker will invest US$ 600 million to boost sales, in line with a global strategy to extend its product range beyond soft drinks. The money is part of a pledge by Coca-Cola to invest US$ 17 billion in Africa by 2020.



Bimbo in Colombia ▪ The Mexican bakery company has opened a new production and distribution centre in Tejno, Colombia, investing US$ 86 million. In line with Bimbo’s sustainability and environmental management practices, the new plant has a wastewater treatment programme.