Groupe Casino is investing in the e-commerce space via its Monoprix banner and US food giant Tyson boosts its digital presence with two start-ups, while Alibaba and Tencent are fighting for a stronger presence in physical retail. Fast food chain KFC ran out of chicken in the UK and reacts on social media. Enjoy the read!




Tuesday, 20 February 2018





Hello ,

Groupe Casino is investing in the e-commerce space via its Monoprix banner and US food giant Tyson boosts its digital presence with two start-ups, while Alibaba and Tencent are fighting for a stronger presence in physical retail. Fast food chain KFC ran out of chicken in the UK and reacts on social media. Enjoy the read!

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Europe


French connections ▪ Groupe Casino's subsidiary Monoprix is in talks to acquire French online shoe retailer Sarenza. Last month, rival Carrefour took a stake in Showroomprivé, and luxury label Chanel is the latest fashion house to have struck a partnership deal with Farfetch, just a week after a deal was inked with Burberry.



In search of a buyer ▪ Troubled electronics chain Maplin is holding talks with a number of potential buyers, as it scrambles to secure the future of its 2,500 employees and save the business from administration. The retailer has more than 200 stores across Britain and hopes to secure a deal this week.



Crunching numbers ▪ Coop Switzerland has seen a turnover increase to CHF 29.2 billion in 2017 and could grow its markets share. UK convenience store chain McColl's has surpassed GBP 1 billion in annual revenue and plans to expand. Consumer goods firm Reckitt Benckiser, however, missed its profit forecast due to tough trading.




Asia & Australia


At loggerheads ▪ Alibaba and Tencent are on a retail investment binge, forcing merchants to choose sides amid a battle for shoppers’ digital wallets. Since last year, the Chinese tech titans spent more than US$ 10 billion on retail-focused deals, causing concerns amongst traditional retailers.



Outdoor takeover ▪ Australia's Super Retail Group has acquired New Zealand adventure apparel chain Macpac, which operates 54 stores across the two countries. The retail group will merge it with its existing Rays business to create a new outdoor powerhouse, challenging market leader Kathmandu.



Sales talks ▪ Sir Philip Green is reportedly in negotiations to sell parts of his Arcadia Group high street empire to Chinese textiles giant Shandong Ruyi, which is rapidly expanding into Europe. The British retail conglomerate includes the banners Topshop, Burton, Miss Selfridge and Burton among others.




USA & Canada


Innovative spirit ▪ Tyson Foods is continuing with its support of small firms, this time announcing a deal to work with Plug and Play and 1871, two business incubators with connections to start-ups. Earlier this month, the food giant has signed an agreement with Chicago start-up Tovala.



Synergy move ▪ Online powerhouse Amazon is reportedly consolidating its delivery service for fresh groceries and will be merging its Amazon Fresh service with its Prime Now. The merger of the two business units could eventually streamline the delivery experience for its Whole Foods subsidiary.



Alipay accepted ▪ Leading Asian American grocery supermarket chain and online grocer iFresh will allow its customers to pay with Alibaba's mobile wallet Alipay in a bid to tap into the growing business with Chinese tourists. The retailer has locations in New York, Boston, Maryland and Florida.




Weird & wonderful


Chicken on the run ▪ Fast food chain KFC had to close over 600 stores in the UK after experiencing a chicken shortage. The company said it wasn’t clear when it would be able to restock and took to Twitter: “The chicken crossed the road, just not to our restaurants.”



Creepy drone ▪ Korean tech giant Samsung patented a drone that can be controlled with eyes. It is a flying screen with sensors that can track the motion of a person’s head or eyes, following them as they move, which appears to be vaguely terrifying.