It's talk of takeovers in the retail world. Amazon has bought smart doorbell maker Ring in a billion dollar deal, shareholders have agreed to a Tesco takeover of UK wholesaler Booker, eBay has acquired the Japanese arm of Singapore-based Giosis, and Croatian regional name Tommy may soon find itself owning part of a major rival. Enjoy the read, and don't forget to share.




Thursday, 01 March 2018





Hello ,

It's talk of takeovers in the retail world. Amazon has bought smart doorbell maker Ring in a billion dollar deal, shareholders have agreed to a Tesco takeover of UK wholesaler Booker, eBay has acquired the Japanese arm of Singapore-based Giosis, and Croatian regional name Tommy may soon find itself owning part of a major rival. Enjoy the read, and don't forget to share.

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US & Canada


Ringing up a deal ▪ Amazon has acquired smart doorbell maker Ring in a deal valued at over US$ 1 billion, the firm's second largest acquisition since last year's purchase of Whole Foods. The takeover accompanies increasing pushes by the e-tailer into both the home security market and the Internet of Things.



Calling off ▪ US consumer electronics retailer Best Buy is to close 250 small mobile phone stores in shopping malls around the country, due to high operating costs and intense competition. The retailer has said that it will continue to sell mobile phones through its big box stores and online.



Gun sale bans ▪ Following the recent mass shooting at the Marjory Stoneman Douglas High School in Florida, Walmart has announced that it will stop selling firearms and ammunition to people younger than 21. Dick's Sporting Goods has also banned gun sales to under-21s, as well as stopping sales of assault-style rifles.




Europe


Tesco tie-up ▪ Shareholders of the UK's largest wholesaler Booker have greenlighted a merger with the supermarket chain, with 83.4% approving the deal. Earlier in the day, Tesco's own shareholders approved the upcoming GBP 3.7 billion takeover, with 85.22% casting their votes in favour.



Closing shop ▪ Toys R Us UK has entered administration, putting 3000 jobs at risk, though its 105 stores in the country will continue trading until further notice. Hong-Kong based apparel retailer Esprit is to close over 40 stores in Europe, after facing a HK$ 954 million net loss in the six months ending December 31 last year.



Going national ▪ Croatian retailer Tommy may become a minor owner of Agrokor’s Konzum chain, if a planned takeover featuring the regional retailer as a strategic partner goes through. LZ Retailytics says a successful deal would propel Tommy, which to date has only had a strong presence along the Adriatic Coast, to a national level.




Asia & Australia


Shouldering the burden ▪ Amazon Japan is asking suppliers for "cooperation payments" of between 1-5% of sales as it seeks to shift some of its costs onto its business partners. This marks the first time the e-commerce giant has sought a single fee from all its vendors, and it is not yet clear if all suppliers will go with the new payments.



eBay in Japan ▪ The San Jose based firm has announced its acquisition of Qoo10.jp, the Japanese arm of pan-Asian e-commerce giant Giosis in an undisclosed deal. eBay will face stiff competition from Japanese online giant Rakuten, which dominates the local market with 90 million registered shoppers.




Unusual and remarkable


Putting plastic away ▪ Europe's first plastic-free supermarket aisle has opened in the Amsterdam branch of Dutch supermarket Ekoplaza. The aisle features more than 700 plastic-free products, with the company to roll out similar aisles in all 74 of its branches by the end of the year.



Try when you buy ▪ British retailer Debenhams is trialling a “click, try and buy” service at its new Stevenage store. The service allows customers to book a changing room to try on their online purchase at the time of pick-up, or an appointment with a personal shopper when they collect their item.