Drug chain CVS has sealed the deal with Aetna in one of the biggest mergers of its kind in a decade. Meanwhile, provoker Amazon is distracted elsewhere. The online giant continues on its relentless path of innovation, filing patents for a new type of drone and the ‘next big thing’ in online shopping. Enjoy the read and feel free to share.




Monday, 04 December 2017





Hello ,

Drug chain CVS has sealed the deal with Aetna in one of the biggest mergers of its kind in a decade. Meanwhile, provoker Amazon is distracted elsewhere. The online giant continues on its relentless path of innovation, filing patents for a new type of drone and the ‘next big thing’ in online shopping. Enjoy the read and feel free to share.

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USA


CVS makes its move ▪ Drugstore chain CVS has agreed to buy Aetna for US$ 67.5 billion, making it one of the biggest healthcare mergers in the past decade. The mega deal will create a health-care giant that covers everything from insurance to the corner drugstore, to help it stay ahead of the looming threat of Amazon.



Patents is a virtue ▪ Amazon has designed a drone that self-destructs. In the event of mid-air malfunction the machines break apart and fall to safe spots, avoiding crowds. The retailer has also patented technology that takes its vital product reviews to the next level – video.



PR disasters ▪ Walmart is in hot water with media after listing a threatening t-shirt targeting journalists. J.C. Penney has pulled its Russell Simmons merchandise following allegations of sexual misconduct. Fashion chain Forever 21 is facing a US$ 2 million lawsuit over a hidden camera in a staff bathroom.




Europe


Compensation payouts ▪ UK grocer Morrisons has been found liable for the leaking of personal details of almost 100,000 staff members, opening the door to compensation. Danone has been awarded EUR 105 million in damages from New Zealand dairy co-operative Fonterra after its 2013 contamination scare.



Working together ▪ Aldi Süd is partnering with some state-licensed lotteries to launch an online lottery service. LZ Retailytics says the move, at odds with its core values, shows the lengths it will go to for more sales. Netherlands-based wholesaler Sligro has finalised its partnership with Heineken.



Hit the road ▪ UK shoppers can look forward to Amazon’s much-loved experiment, the Treasure Truck, reaching their shores. While the e-commerce giant is withholding specifics, the deal-sporting truck looks set to get its wheels on the ground in London and Manchester to start.



Festive food ▪ German discounter Aldi is channelling its inner Santa Claus, with a promise to give all unsold fresh food to charities and good causes on Christmas Eve. Five major supermarkets in the UK have upped the price of their Christmas biscuits in the wake of the national butter shortage.




Asia & Australasia


Generous spirit ▪ Online shopping behemoth Alibaba is showing its softer side, with the launch of a US$ 1.5 billion fund to support China’s ambitious goal to eradicate extreme poverty by 2020. Meanwhile, on the business front the e-commerce giant is looking to expand its reach in New Zealand.



San Miguel enters the race ▪ The Philippines conglomerate has confirmed its interest in fellow brewery, Sabeco. The company will join a host of bidders looking to get a foot in the door of one of Asia’s most profitable beer markets.




Thought-provoking reads


Amazon’s nomads ▪ Whether out of necessity or a desire for freedom, America is seeing a new type of nomad and the e-commerce giant is their biggest employer. Its ‘CamperForce’ programme has recruited thousands, with CEO Jefff Bezos predicting that by 2020 one in four work-campers will have worked for his company.



Bigger, taller, faster ▪ Developers are sinking record amounts of money into new warehouse space, and the structures are becoming more elaborate to meet the growing needs of e-commerce. Builders spent US$ 2.7 billion on US warehouse construction in October, the most since records began in 1993.