The Minneapolis-based Supervalu is selling its Farm Fresh stores to three different retailers. Wesfarmers is demerging from Coles, Unilever is shifting its HQ out of London, and a report from JP Morgan suggests that Bunnings ought to consider a Brexit of its own. Enjoy the read, and don't forget to share.




Friday, 16 March 2018





Hello ,

The Minneapolis-based Supervalu is selling its Farm Fresh stores to three different retailers. Wesfarmers is demerging from Coles, Unilever is shifting its HQ out of London, and a report from JP Morgan suggests that Bunnings ought to consider a Brexit of its own. Enjoy the read, and don't forget to share.

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Europe


So long London ▪ Unilever has picked Rotterdam over London for its main HQ. The Anglo-Dutch giant will continue to be listed in London, Amsterdam and New York, and will divide into three divisions, with two based in Britain, as it ends 88 years of two-parent ownership following a 2017 review of its dual-headed structure.



Financial planning ▪ A report from financial giant JP Morgan has suggested that Australian hardware chain Bunnings would save close to GBP 200 million if it pulled out of the UK. Swiss giant Nestlé has invested in Five Season Ventures, a food-tech fund currently based in London and due to move to Paris in the summer.



British debuts ▪ Online shopping platform Gumtree has introduced a five-star ratings system, in what is the first phase of a major update. Swedish plant based meat alternative Oumph! is coming to Tesco’s shelves, a move the supermarket says is in response to strong consumer demand for plant-based foods.




US & Canada


Grocery highlights ▪ Costco has announced plans for an online grocery delivery service to Canadian homes following a successful US launch. Supervalu has entered into three separate sale agreements as it moves to exit its Farm Fresh banner. Dollar General has announced plans to expand fresh produce offerings to 450 stores by year end.



Setting up shop ▪ Blue Apron has announced plans to begin selling meal kits in stores this year, with the intention of spurring growth by attracting more people to its subscription based service. This comes as the meal-kit pioneer faces new rivals like Amazon and Walmart, which announced plans last week to begin selling meal kits of its own.




Australasia


Seeking dominance ▪ Alibaba, which has its IPO in the US, is working on a plan to list on a stock exchange in its home country of China, while arch rival Amazon's Japan operations are being investigated by the country’s antitrust watchdog for allegedly using its market dominance to pressure suppliers.



Demerger down under ▪ Wesfarmers is planning to spin off supermarket chain Coles into a new company. The move is intended to allow the Australian retail conglomerate, which will retain to 20% of the shares in the new Coles company, to focus on growing its other divisions.



Indian innovation ▪ Under pressure from regional beverage players, Pepsico India has introduced seven new drinks under its Slice brand, including ethnic flavours like Guava Chilli. The soft drink industry in India has been struggling, with the introduction of a government sin tax, and a wider range of healthier options available to consumers.




Weekend reads


Aldi talks China ▪ The German discounter set up shop online in the country only last April, but numerous indicators are already pointing to its rapid growth in Asia’s largest consumer market. Where to from here? German Retail Blog interviews Christoph Schwaiger, country managing director of Aldi China.