Merger synergies are dominating the European headlines today - French retailer Fnac Darty and Carrefour consider an alliance, so does Casino and Spanish counterpart Dia, while Franprix is set to sell Waitrose products in France. Walmart and drugstore giant Walgreens invest in their overseas expansion.




Tuesday, 05 December 2017





Hello ,

Merger synergies are dominating the European headlines today - French retailer Fnac Darty and Carrefour consider an alliance, so does Casino and Spanish counterpart Dia, while Franprix is set to sell Waitrose products in France. Walmart and drugstore giant Walgreens invest in their overseas expansion.

ADVERTISEMENT
Banner





Europe


Alliance Française ▪ Fnac Darty and supermarket giant Carrefour are considering an alliance for their electronics acquisitions. The purchasing deal would be limited to France. The electronics group also considers opening shops in other retailers’ stores and aims for a higher mid-term margin.



Foreign tie-ups ▪ French retailer Groupe Casino and Spain's Dia Group have extended their partnership with a new joint venture, that includes logistics and payment services. French supermarket banner Franprix will sell private label products from UK upmarket grocer Waitrose. The pilot is to run for one year.



Struggles in Britain ▪ Toys R Us is looking to close nearly a quarter of its UK stores, putting up to 800 jobs at risk as the embattled toy retailer seeks creditor approval for a restructuring plan. Marks & Spencer is ramping up its turnaround efforts and reportedly considers to put a halt on its new store projects.



Italian premiere ▪ Cooperative retailer Coop Alleanza 3.0 has launched a new hypermarket concept. Extracoop was introduced in stores located in Bologna, Modena and Ravenna. An estimated EUR 30 million has been invested in the project. Click here for some images (captions in Italian).




Asia & Australia


Debuts Down Under ▪ After months of anticipation and a soft-launch late last month, Amazon has officially kicked off its local store, offering massive discounts on millions of items. French sporting goods retailer Decathlon also has landed in Australia and opened its first store in Sydney.



Securing growth ▪ US drugstore giant Walgreen's Booth Alliance will pay US$ 420 million to acquire a 40% stake in Sinopharm Holding GuoDa Drug Store, the largest retail pharmacy chain in China. Fellow global player Walmart is set to expand in India and has just signed for 20 new store sites in 2018.



Metcash reports ▪ The Australian wholesaler has suffered another half year of falling sales at its IGA supermarket network but managed to grow profit through a cost-cutting programme and the integration of the Home Timber and Hardware chain.




USA & Africa


No experiments ▪ Kroger is closing its Main & Vine grocery store, which was a "unique venture" for the supermarket operator to test techniques for use at affiliate stores. Despite its brief tenure, it was only open for 23 months, Kroger said it was "not a fruitless endeavour".



Store decisions ▪ Jewellery retailer Charming Charlie announced it plans to shutter a number of underperforming stores along with its Los Angeles office. Book chain Barnes & Noble, on the other hand, will focus on smaller stores to improve its financial performance after another awful quarter.



In and out ▪ Dutch brewer Heineken has started to build its first brewery in Mozambique, which will see the company invest US$ 100 million in the southern African nation. Meanwhile, Swiss food giant Nestlé is closing down its factory in Kinshasa, capital of Congo. The decision affects 120 people.




Sustainability matters


Fighting waste ▪ Britain's Co-op will sell food past its best before date in 125 outlets at a discounted price of just 10p each. The supermarket chain hopes to save at least two metric tonnes of food from being wasted every year just from these stores. The move follows a successful three-month trial.