Hello and good day!
Retailers and suppliers react as consumers switch to healthier foods. Tesco and Heinz have signalised to reduce sugar contents in some of their products. Pizza Hut and Taco Bell announce they will eliminate artificial colouring and flavours, while in Switzerland, Monsanto products take a pounding. Enjoy your read.
asia & australasia
Emerald buys Bang & Olufsen Australasia The Australian and New Zealand operations of Danish consumer electronics company Bang & Olufsen have been bought by Emerald Group Investments +++ In South East Asia, B&O India taps into the promising luxury market and plans to invest US$ 6-8 million this year.
Swiss retailers abandon Monsanto Migros and Coop are to take glyphosate out of their stores, after WHO reports that the Monsanto product is probably carcinogenic. The US multi is reportedly considering raising the offer to take over European agrichemical giant Syngenta after its US$ 45 billion bid was rejected recently.
Boohoo refines marketing The global online fashion retailer, one of the fastest growing international e-tailers, has selected software company Visual IQ to provide marketing solutions across TV and digital channels in support of its 2015 growth initiatives.
usa & canada
Food chain recipes for health and growth Yum Brands' restaurant chains Pizza Hut and Taco Bell announced they would eliminate artificial colouring and flavours from their products “wherever possible” +++ Wendy’s has opened a dedicated technology centre in Ohio, to “explore forward-looking ways to utilise technology".
developments to watch
Reducing sugar intakes US food giant Heinz (paywall) announced its plans to cut added sugar from children's products, and British retailer Tesco aims to reduce the sugar content of its soft drinks by 5 % every year, which is a good start according to the Guardian.
From shopping aisles to cyberspace Target tops Walmart in online sales growth. The US retail giants reported higher traffic and conversion rates for their web sales. Target’s online sales grew by 37%, Walmart’s by 17%.