While New Zealand plans to introduce an "Amazon tax", the online behemoth continues to invest in its home turf, creating thousands of jobs in Boston. Toy maker Hasbro strengthens its presence in the entertainment business, Nestlé bets on pet food, and Germany's Metro looks for new acquisitions in India. Enjoy the read and feel free to share!




Wednesday, 02 May 2018





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While New Zealand plans to introduce an "Amazon tax", the online behemoth continues to invest in its home turf, creating thousands of jobs in Boston. Toy maker Hasbro strengthens its presence in the entertainment business, Nestlé bets on pet food, and Germany's Metro looks for new acquisitions in India. Enjoy the read and feel free to share!




US & Canada


Toy deal ▪ Hasbro announced that the company is acquiring the Power Rangers along with several other entertainment brands from Saban Properties for US$ 522 million in a cash and stock deal. As a result of the agreement, shares of competitor Mattel (paywall) were powering down on Tuesday.



Tech investments ▪ Following its Canadian investment on Monday, Amazon announced to create 2,000 jobs in its Boston tech hub. The city is a finalist to become the tech giant's second HQ. Meanwhile, the New Zealand government plans a new tax on low-value goods bought online from overseas, dubbed the ‘Amazon Tax’.



Going smaller ▪ St. Louis-based Schnuck Markets plans to open a new small-format store with an emphasis on fresh departments. The retailer will also close two underperforming outlets. The affected employees are going to be offered jobs within the network. Schnucks operates 100 stores.




Asia & Australasia


In search of partners ▪ German wholesaler Metro Cash & Carry is looking for acquisitions and partnerships to grow and continue with its ongoing digitization of retail outlets in India. The retailer focuses on B2B opportunities according to a top executive of the company.



In pole position ▪ Mumbai-based Reliance Retail has become the first retailer in India to cross the US$ 10 billion sales mark. Chairman Mukesh Ambani says that the company's digital services business, the supply chain management and network infrastructure will provide opportunities for future growth.



Exec changes ▪ Former New Zealand Prime Minister Bill English has joined the board of Wesfarmers to provide expertise on the conglomerate’s retail operations. Across the Tasman, The Warehouse Group is continuing its transformation and has reshuffled its executive team.




Europe


Sourcing locally ▪ In line with its commitment to promoting locally produced food, Spanish grocer Eroski has signed an agreement with the tomato association of Barbastro. In collaboration with industry partners, the government of Montenegro has launched the „Kupujmo domaće“ (Buy Domestic) campaign.



Pet projects ▪ Nestlé's Purina division has acquired a majority stake in Tails.com, a British tailor-made dog food company, launched in 2014. The news comes less than a week after the Swiss food manufacturer opened a new pet food factory in Chile, investing US$ 120 million.



Ambitious drive ▪ Australian homeware and kitchen retailer House is set to open its third UK store, following a successful introduction last year. The company expects to continue its expansion and plans to launch 75 stores across Britain in the next three years.




Survey results


Reputable grocers ▪ Discount chain Kiwi is the grocery retailer with the best reputation in Norway, according to this year’s reputation survey from communications firm Apeland. The company is a unit of wholesaler NorgesGruppen, whose retail outlet Meny was also high up the rankings.



Consumer choices ▪ A study from media specialist Valassis reveals that mainly busy consumers are embracing digital shopping options. However, when it comes to buying food, a majority of 73% respondents described themselves as in-store shoppers.