Two German companies are hitting the US headlines today - Aldi challenges the competition once more with an aggressive push, and food manufacturer Dr. Oetker is expanding its footprint. In other news, we learn that India has witnessed a whopping number of acquisitions this year and prepares for more. Enjoy the read and don't forget to share!




Tuesday, 11 September 2018





Hello ,

Two German companies are hitting the US headlines today - Aldi challenges the competition once more with an aggressive push, and food manufacturer Dr. Oetker is expanding its footprint. In other news, we learn that India has witnessed a whopping number of acquisitions this year and prepares for more. Enjoy the read and don't forget to share!




Europe


Expansion plans ▪ Lidl has opened a new logistics centre in France (in French). The warehouse is one of its largest in the country and will serve its 60 plus stores in the Saône-et-Loire area. The German discounter is also active in Serbia, where it reportedly plans to launch its first store in October.



Reshuffle ahead ▪ British department store operator Debenhams is seeking the help of accountancy firm KPMG to push forward a restructure and explore a number of options to help it reduce costs and boost sales. Insiders believe that the retailer will not have to undergo a company voluntary agreement.



Celebrity endorsements ▪ Supermarket leader Tesco has signed up chef Jamie Oliver to front its healthy eating initiative, while Marks & Spencer has kicked off a social media campaign which will see British TV stars test its food products, and named TV presenter Holly Willoughby its new brand ambassador.




United States


Firing on all cylinders ▪ Aldi is looking to hire more than 1,000 permanent positions at 380 stores in eight US states.CEO Jason Hart said in a statement that the company is expanding in every core area, particularly in stores and warehouses, amid a challenging retail climate.



Portfolio extension ▪ German food manufacturer Dr. Oetker has agreed to buy Naperville-based baking supply company Wilton Brands for an undisclosed sum. Family-owned Dr. Oetker operates in 39 countries and employs more than 11,600 people worldwide.



Sustainability milestone ▪ Giant Food Stores, a unit of Ahold Delhaize USA, has reached a significant achievement as one of its stores is the chain’s first to attain a 'zero-waste status'. The designation signifies that 90% or more of the store’s total waste is being diverted from a landfill or incineration.




Asia & Australia


Record deal making ▪ The race for dominance in the e-commerce industry and a well-stocked war chest at private equity funds has created the biggest mergers and acquisitions boom in India. This comes as Coca-Cola is reportedly working towards a bid for Horlicks, an Indian milk brand owned by GlaxoSmithKline.



Local platform ▪ German wholesaler Metro’s Indian unit plans to launch an e-commerce channel to make it easier for mom-and-pop stores to buy from it. The retailer will give neighbourhood Kirana stores the option to integrate their back-end with that of the wholesaler.



Supporting Southeast Asia ▪ Japan's Fast Retailing, owner of apparel brand Uniqlo, plans to open an Indonesian plant in search of lower personnel expenses. The site will use materials procured within Indonesia, departing from the usual practice of importing them from China.




What to watch


Food offerings ▪ Next year, more than one in five adults in the US will use a grocery app to order food, says research company eMarketer. These shoppers will appreciate the announcement of online service Peapod to expand its meal kits selection.



Angry investors ▪ Woolworths is facing a potential AUD 100 million pay-out to aggrieved shareholders. A class action claim was launched on behalf of investors whose shares lost value following a shock profit downgrade by the Australian supermarket giant in 2015. The retailer is accused of misleading conduct.