High expectations are on the cards in Britain's retail industry as two major merger projects have received the green light. Another deal is shaping up in India, where Alibaba wants to buy a stake in Bigbasket. Meanwhile, US rival Amazon is going to pull the plug on some assets of its Chinese business. Enjoy the read!




Wednesday, 15 November 2017





Hello ,

High expectations are on the cards in Britain's retail industry as two major merger projects have received the green light. Another deal is shaping up in India, where Alibaba wants to buy a stake in Bigbasket. Meanwhile, US rival Amazon is going to pull the plug on some assets of its Chinese business. Enjoy the read!




Europe


Mega deal approved ▪ The landmark merger between Tesco and the UK’s largest wholesaler, Booker, has been given the provisional go-ahead from the Competition Markets Authority. The deal could mark the creation of Britain's "leading food business" and present new opportunities for Tesco, says LZ Retailytics. Here is what other analysts have to say.



... and another one to follow ▪ Members of UK convenience chain Nisa have voted in favour of a takeover by The Co-operative Group. Nisa’s board recommended the deal last month and with the majority of shareholder votes in favour of the move, it is now up to the competition authorities to approve.



Sandal flagship ▪ German brand Birkenstock is set to open its first-ever standalone physical store in the UK, in London's Covent Gardens. The flagship shop will stock a collection of sandals for men, women and children and will be the only dedicated Birkenstock store in Britain's capital.




Asia


Alibaba eyes online grocer ▪ The Chinese e-commerce giant is seeking approval from the Indian competition watchdog to acquire a stake in online grocery start-up Bigbasket. No further details of the proposed investment, including the size of the stake and the financial value, have been disclosed.



Amazon offloads ▪ The American online powerhouse has agreed to sell parts of its China-based web services business AWS to Beijing Sinnet, the local partner that operates it. The move is regarded in compliance with new laws that have tied the hands of international operations reliant on the free flow of data.



Asian expansion ▪ Spar has launched its first premium store in China, with a focus on environmentally friendly, health-conscious products and plans to open 12 new stores in the near future. Singapore-headquartered franchise Brotzeit, which offers authentic German cuisine, aims to expand its network throughout Asia.




USA & Latin America


Boost from disasters ▪ Sales at Home Depot blew past analysts' estimates, increasing 7.7% in Q3, while net income rose 10% to US 2.17 billion. America's largest home improvement chain raised its full-year profit forecast after devastating hurricanes and wildfires spurred demand for generators, flashlights and rebuilding materials.



Top exec changes ▪ Publix CEO & president Todd Jones has announced two new officer positions as a result of what the Florida-based retailer calls “efforts surrounding innovation”. Minnesota-headquartered wholesaler Supervalu is also shaking up its leadership team with multiple management changes.



No more asset sales ▪ Brazilian meat giant JBS says it’s done selling assets as record earnings for its beef, chicken and pork businesses in the US offset the fallout from the scandal that has engulfed its controlling family. The company has raised US$ 1.8 billion over the past few months after offloading some operations.




Sustainability matters


Recycling commitment ▪ Woolworths is helping customers dispose of packaging efficiently in partnership with environmental organisation Planet Ark. The Australian supermarket operator has adopted their recycling labels across its private label range. And here is how the European food sector is fighting plastic waste.



Supporting farmers ▪ The Sustainability Consortium has received US$ 375,000 from US retail heavyweight Walmart to fund agricultural businesses to improve their sustainable metrics. The goal is to connect data systems and create easier and faster ways for producers to report their results.