US food giant Kraft Heinz has agreed to sell its Canadian cheese business and Coca-Cola plans to launch its own energy drinks. British grocer Sainsbury's has enjoyed a rise in sales while awaiting the verdict on its merger with Asda, and fashion chain Zara has great online plans. Take a look at Walmart's first-ever cool technology incubator and have a great weekend.




Friday, 09 November 2018





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US food giant Kraft Heinz has agreed to sell its Canadian cheese business and Coca-Cola plans to launch its own energy drinks. British grocer Sainsbury's has enjoyed a rise in sales while awaiting the verdict on its merger with Asda, and fashion chain Zara has great online plans. Take a look at Walmart's first-ever cool technology incubator and have a great weekend.

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Europe & South Africa


Solid performance ▪ Sainsbury's reported an increase of half-year profit to GBP 302 million, boosted by its takeover of catalogue retailer Argos. The UK supermarket major is set to challenge any unfavourable ruling by the regulator on its agreed merger with rival Asda. A decision on the megadeal is expected early next year.



More results ▪ Switzerland-headquartered chocolate manufacturer Barry Callebaut has posted flat sales for full year 2017/18, while South African retailer Foschini Group reported an 8.3 % increase in half-year earnings, as operations in the UK and Australia grew positively despite difficult trading conditions.


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E-commerce empire ▪ Clothing retailer Zara will expand online sales to an additional 106 countries through a dedicated online platform, mostly in Africa, parent firm Inditex announced. The Spanish conglomerate aims to have all its brands, including Massimo Dutti, available online by 2022.




US & Canada


Powerful push ▪ Coca-Cola is reportedly planning to launch a range of energy drinks on its namesake brand as it intensifies effort to break away from fizzy sodas. The soft drink giant enjoyed a strong quarter, driven by demand in expanding markets such as Poland, Russia and Nigeria.



Canadian deals ▪ Kraft Heinz has agreed to sell its natural cheese brands in Canada to Italian dairy giant Parmalat for USD 1.23 billion. Meanwhile, American cannabis retailer Harvest wants to raise USD 230 million, which would value the company at about USD 1.5 billion when it goes public in Toronto next week.



Online moves ▪ Supermarket operator Kroger is stepping up its e-commerce efforts and is adopting voice-assistant technology for ordering groceries online. A survey from Retail Feedback has found out that Walmart has slightly surpassed Amazon as the online grocer of choice among consumers.




Asia


Teaming up in Japan ▪ Starbucks aims to increase its Japanese stores to 1,700 and add services such as delivery and mobile payments. To achieve these ambitious goals, the US coffee giant is partnering with Uber Eats as well as the country's leading social platform, Line.



Winning strategy ▪ Alibaba's decision to combine food delivery service Ele.me and online restaurant guide Koubei under a single management team proves successful. The newly formed unit has rocketed in value to as much as USD 30 billion after raising USD 4 billion in fresh funds.



Takeover efforts ▪ Global giants such as Colgate-Palmolive and Unilever are reportedly considering bidding for the Chinese consumer-product company Weimeizi in an effort to increase their presence in China. Weimeizi, based in Guangzhou, makes high-end dental speciality products.




Weekend inspirations


Innovative ideas ▪ Walmart's first-ever technology incubator in Texas is regarded as a 'hotbed of tech talent' with its sleek industrial feel and cool interior looks. Click here for pictures. Meanwhile, social media giant Facebook bets on brick and mortar and has opened temporary pop-ups in nine Macy's locations.



Milan in Manhattan ▪ Italian design store 10 Corso Como has opened its first concept store in New York. Selected articles and objects are featured in a black-and-white ambience with a greenhouse garden providing exciting colour accents. Have a look (text and captions in German).