Wallets are opening around the world. Campbell Soup and Hershey both made big purchases in the snack space while Thai Beverage emerges the winner for Sabeco. Meanwhile, a number of retailers found themselves in hot water with the authorities – Amazon upset the French government while some of Ikea’s tax dealings come into question. Enjoy the read and feel free to share.




Tuesday, 19 December 2017





Hello ,

Wallets are opening around the world. Campbell Soup and Hershey both made big purchases in the snack space while Thai Beverage emerges the winner for Sabeco. Meanwhile, a number of retailers found themselves in hot water with the authorities – Amazon upset the French government while some of Ikea’s tax dealings come into question. Enjoy the read and feel free to share.

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USA


Snack attack ▪ Soup king Campbell’s is shelling out US$ 4.87 billion to buy snack company Snyder’s Lance. Meanwhile, confectionary giant Hershey plans to buy SkinnyPop’s parent Amplify for US$ 1.6 billion. One commentator says the deals are a reflection of the nation’s growing obssession with snacking.



Action against Amazon ▪ The online giant is fighting fires away from home. In the UK, the Advertising Standards Authority is considering launching an investigation over delivery complaints. In France, a lawsuit has been filed over it using its dominant position to impose unfair terms on local suppliers.



Closing time ▪ Troubled retailer Toys ‘R’ Us is considering closing 100 stores in the face of weak holiday sales. Meanwhile, its UK operations are also facing collapse with 3,200 jobs on the line as the chain struggles to gain support for a planned restructure.




Europe


Brick-and-mortar investments ▪ Amazon wants to capitalise on the German love of in-store shopping, with the company suggesting plans to launch traditional stores are not a matter of ‘if’, but ‘when’. UK grocer Tesco will invest EUR 70 million in its Irish store network.



Questionable accounting ▪ Swedish furniture giant Ikea is the latest target of an EU tax investigation, looking at its Dutch deals to see whether it paid as much as it should have. UK discount chain Poundland is reassuring staff of its robustness as parent company Steinhoff is rocked by an accounting scandal.



Moving on up ▪ Croation food group Agrokor is enjoying an improvement in its economic position as it gets its finanial and operative restructure underway. Spanish supermarket chain Supersol is ending the year on a high, notching up the most store openings in a decade.




Asia


Digital deals ▪ Chinese internet heavyweight Tencent and long-time partner JD.com are investing a combined US$ 863 million into online retailer Vipshop, considered a strategic ally against Alibaba. Japanese e-commerce leader Rakuten is joining forces with electronics retailer Bic Camera to launch a new online store.



Transformation ahead ▪ Fast fashion chain H&M will open on Alibaba’s Tmall in spring 2018 as the company looks to expand further into the Chinese market. The move, along with plans to close more stores globally, is in response to disappointing results underlined by a struggle to adjust to an online marketplace.



Sabeco sold ▪ The Vietnamese brewer has been bought for US$ 4.84 billion by Thai Beverage, which was always considered the most likely buyer. The deal is a major asset to the empire of Thai magnate Charoen Sirivadhanabhakdi, who is emerging as one of Asia’s kingpins in brewing.




Drinks time


Beer for coffee ▪ Dunkin’ Donuts has teamed up with a Massachusetts brewery to release a limited edition coffee inspired beer. The beer, DDark Roasted Brew, is brewed with Dunkin’ Donuts Dark Roast coffee beans and paired with their Double Chocolate Cake Donut.



Gin-gle bells ▪ UK grocer Sainsbury’s is predicting a 30% bump in sales for gin this Christmas compared with last year as British shoppers stock up and gift the increasingly popular spirit for the holidays.