Nestlé enters a global coffee alliance with Starbucks. Alibaba’s latest financial results show impressive growth. Walmart is close to sealing a deal with Flipkart, with predictions of an official announcement days away. Amazon shows it has a positive impact on small business, and is targeting furry friends with the launch of its own brand pet food. Enjoy the read.




Monday, 07 May 2018





Hello ,

Nestlé enters a global coffee alliance with Starbucks. Alibaba’s latest financial results show impressive growth. Walmart is close to sealing a deal with Flipkart, with predictions of an official announcement days away. Amazon shows it has a positive impact on small business, and is targeting furry friends with the launch of its own brand pet food. Enjoy the read.




Europe


Coffee deal ▪ Nestlé will pay Starbucks $7.15 billion as part of a global coffee alliance in which the Swiss-based food giant is getting the rights to market the U.S. coffee company’s products around the world outside Starbucks’ coffee shops.



Big changes ▪ Harrod’s is overseeing some major shifts in its marketing and digital teams, with the appointment of Amanda Hill as first chief marketing officer. The former chief brands officer for BBC Worldwide is poised to overhaul the renowned department store’s brand strategy.



Money worries ▪ British retailers are facing tough times, as close to 43,000 businesses ended the first quarter in ‘financial distress’, according to insolvency specialist Begbies Traynor.




Asia & Australasia


Watch this space ▪ Speculation is rife that a deal between Flipkart and Walmart could be imminent. According to a Reuters report, the Flipkart board have approved the sale of 75% of the company to the American retail giant for about USD 15 billion, with minor details to be negotiated before a deal is finalised.



Remarkable revenue ▪ Alibaba’s financial reports superseded even the most optimistic of expectations, with its March-quarter income growing by 61% to USD 9.7 billion. The internet giant’s cloud profits were also up 103% from last year to USD 669 million.



Cashless triumph ▪ Favepay is swiftly expanding across South East Asia, and has two million customers, just eight months after it launched. The mobile payment platform has processed over USD 10 million in the first quarter – over twice the value of the previous three months.



Hungry for property ▪ Fast food outlets are in hot demand in Australia as investors seek lower risk opportunities, according to a Burgess Rawson report on the sector. Revenue in the industry has grown swiftly, with a 3.7% increase to AUD 20 billion over the past five years.




US


Surprising revelations ▪ Amazon have released a Small Business Impact Report, which details millions of small companies who are using the online goliath to grow and sell. ‘Wag’ has also been unveiled and is Amazon’s first foray into the pet supply industry. Meanwhile, billionaire Warren Buffet has revealed he has regrets about not investing in Amazon.



More stores ▪ American Apparel is making a brick and mortar come back, with new owners Gildan Activewear opening a ‘test’ store in Los Angeles to gauge trends. Similarly, Indochina is also investing more in physical shops and intends to increase its store numbers by a third.



Promising future ▪ Over 50 US businesses, including Starbucks, Walmart and pizza restaurant operator Papa John's have joined together at an expo in Atlanta to offer youth gainful employment. The companies have set an ambitious goal of hitting one million hires by 2021.




Food for thought


Culinary innovation ▪ Robot chefs have become a reality for a new Boston restaurant which boasts seven autonomously swirling cooking pots used to heat and pour a cooked meal into a bowl. Meanwhile, compulsory US menu labelling has come into effect and requires food outlets with more than 20 locations to post calorie counts for their meals.



Joint venture ▪ German discounter Lidl has partnered with local cannabis growers The Botanicals to offer marijuana in its Swiss stores. The two products available are considered tobacco alternatives and with only 1% tetrahydrocannabinol (THC), these R18 goods comply with state regulations.