Spanish retailer Dia expands its collaboration with Amazon, while dairy giant Danone is getting serious about boosting its e-commerce business in Southeast Asia. Chinese powerhouse Alibaba acquires an Israeli start-up and the Vietnamese government hopes to cash in when it puts its biggest brewer on sale. Enjoy the read!




Thursday, 30 November 2017





Hello ,

Spanish retailer Dia expands its collaboration with Amazon, while dairy giant Danone is getting serious about boosting its e-commerce business in Southeast Asia. Chinese powerhouse Alibaba acquires an Israeli start-up and the Vietnamese government hopes to cash in when it puts its biggest brewer on sale. Enjoy the read!

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Asia


Investment in Israel ▪ Alibaba has agreed to buy Herzliya-based Visualead. The QR start-up develops a software that creates personalized QR codes. The acquisition follows plans to open a lab in Tel Aviv as part of a US$ 15 billion global research and development push.



Strategic partnership ▪ Dairy major Danone has teamed up with Lazada, the largest online platform in Southeast Asia, to expand its e-commerce business in the region. The alliance will target consumers across Thailand, Indonesia, Malaysia and Singapore, offering "key product categories".



Sabeco for sale ▪ Vietnam is seeking to raise at least US$ 5 billion as it kicks off the sale of a majority stake in Sabeco, the country's biggest brewer. Potential bidders include Anheuser-Busch InBev and Asahi Group. Kirin Holdings announced this week that it is considering buying a stake.



Aussie icon in trouble ▪ Australian luxury handbag retailer OrotonGroup has gone into administration after a strategic review failed to secure a viable option to revive its flagging fortunes. Its 59 stores will continue to trade as usual while administrators pursue a sale or a recapitalisation.




Europe


Survival struggles ▪ Following Palmer and Harvey’s collapse, supermarket chain Costcutter has signed an agreement that will see the Co-op become the exclusive wholesale supplier for its 2,200 outlets. Meanwhile, footwear retailer Shoon has fallen into administration putting around 45 people out of work.



Locker launch ▪ Spanish retailer Dia is expanding its collaboration agreement with Amazon, announcing that it will introduce the online giant's lockers in a number of its stores in Madrid. Amazon has already started to set up more than 120 collection points in 30 cities in Spain.



Ambitious goals ▪ Gruppo Selex is set to invest EUR 330 million on its store network next year. The Italian retailer plans to open 69 new locations and has also decided to refurbish 59 outlets. The company, Italy's third largest grocer with a market share of nearly 12%, targets a turnover of EUR 11.22 billion.




USA & Canada


Executive reshuffles ▪ Grocer Wakefern has unveiled a rebranding of its Price Rite discount banner and promoted Jim Dorey to become president of the chain. Fast-casual company Chipotle, which operates at more than 2,350 locations, has started to search for a new CEO.



Store spaces ▪ Clothing retailer Gap has opened its largest site in New York. It houses side-by-side Gap and Old Navy flagships in Manhattan’s Times Square. French lifestyle brand Lacoste has updated its store in Los Angeles with a design concept inspired by its sporting heritage.




What to watch


Tech predictions ▪ By 2019, 50% of retailers will have adopted a retail omnichannel commerce platform and the top 30% will be actively engaged in digital transformation. This is according to analysts at IDC Retail Insights, which have compiled the top trends for the coming years.



Bitcoin bubble ▪ Seoul's Goto Mall has partnered with a Korean cryptocurrency exchange to enable its retail tenants to accept bitcoin as payment. The virtual currency has hit a record high yesterday, igniting concerns that it might burst in spectacular fashion.