After years of struggling to gain traction in Brazil, Walmart retreated from Latin America's biggest market. Zalando landed in Ireland and in the Czech Republic, Nomad Foods expanded its footprint in the UK, and Nestlé acquired a Welsh bottle company, while British packaging group DS Smith gets ready for a big purchase in Spain.




Tuesday, 05 June 2018





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After years of struggling to gain traction in Brazil, Walmart retreated from Latin America's biggest market. Zalando landed in Ireland and in the Czech Republic, Nomad Foods expanded its footprint in the UK, and Nestlé acquired a Welsh bottle company, while British packaging group DS Smith gets ready for a big purchase in Spain.




Europe


Takeover targets ▪ Strengthening its position in the UK, Paris-headquartered Nestlé Waters has acquired a majority stake in Welsh bottled water company Princes Gate Spring Water. Meanwhile, Nomad Foods is set to buy British packaged foods maker Aunt Bessie’s from William Jackson & Son for EUR 240 million.



Cross-border expansions ▪ Berlin-based online fashion retailer Zalando has entered Ireland and the Czech Republic, adding a potential 15.4 million people to its market. Meanwhile, global e-commerce giant Alibaba has announced that Liege in Belgium and Moscow are among the locations, where it will open new warehouses.



Seeking synergies ▪ In a bid to strengthen its business in western Europe, UK-based packaging group DS Smith has offered to buy its Spanish rival Europac for EUR 1.9 billion. The proposed deal would be the biggest ever acquisition for the British company and the latest in a consolidating sector.




US & Latin America


Streamlining operations ▪ Walmart is selling a majority stake of its Brazilian operations to private equity firm Advent International, which will result in a USD 4.5 billion non-cash net loss in the quarter. It is the retailer's third major deal since April and the latest move to reshape its global footprint.



Online boost ▪ United Supermarkets has bolstered its online grocery capabilities to drive customer engagement and hone operational efficiencies in fulfilling e-commerce orders. The Texas-based retailer, part of Albertsons, upgraded its platform solution with enhanced metrics and digital advertising tools.


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Stepping down ▪ Howard Schultz, the man who has built Starbucks into one of the world's most powerful global brands, will leave the coffee chain at the end of the month, fuelling speculation about his political ambitions. Last year, Schultz was handing the chief executive job to Kevin Johnson.




Asia & Australasia


Collaborative approach ▪ Tokyo-headquartered convenience store operator FamilyMart Uny has stepped up cooperation with Japan’s largest discounter, Don Quijote Holdings. The two companies opened a joint store in the outskirts of the capital in a bid to rekindle consumer interest. Two more outlets are to follow.



Ambitious goal ▪ Miniso Vietnam aims to launch 50 more stores by the end of this year and reach 400 by 2022. The discount retail chain wants to enhance its distribution system in the country with a huge warehouse in Ho Chi Minh City, which will open within a few months, and a planned online operation.



Bleak outlook ▪ Australian food franchise Retail Food Group, which controls major brands such as Gloria Jeans, Crust Pizza, Brumbies Bakeries and Donut King, has announced a significant loss this financial year and downgraded its earning. Its shares sank to a record low.




Sustainability commitments


War on waste ▪ Australia's supermarket majors Woolworths and Coles remain focused on eco-friendly initiatives. The retailers are introducing new targets to slash the amount of wrapping on fresh fruit and vegetables as well as tackling food waste.



Plastic ban ▪ Carrefour plans to have 100% reusable, recyclable or compostable packaging for its own-brand products by 2025. The French supermarket chain aims to eliminate non-recyclable packaging of organic fruit and vegetables and to stop selling plastic straws by the end of 2018.