More mega pharma deals are about to take shape. Israeli drug maker Teva wants to buy the generic drug business of Botox-producer Allergan, while the latter is interested in antidepressant firm Naurex. Over in Australia, department store operator David Jones gears up to overtake Myer and in Britain, Argos boosts its environmental credentials. Enjoy the read and have a great start into the week.
asia & australia
David Jones takes on Myer Australia’s AU$ 15 billion department store sector is facing a strong period of investment as retailers Myer and David Jones battle for supremacy. The latter will invest as much as AU$ 400 million on new accounting and merchandise planning systems.
Nestlé India to rebuild reputation The Swiss food giant has replaced its Indian unit chief Etienne Benet with the head of its Philippines division, Suresh Narayanan, amid the controversy over lead content in its popular Maggi noodles.
europe & Middle east
Morrisons to face fine British newspaper Guardian revealed that buyers at Morrisons have attempted to secure one-off payments from suppliers in a potential breach of a government-backed code. The retailer could face a fine up to GBP 168 million.
Argos collects environmental credits The UK retailer has boosted its environmental credentials with the launch of a new trade-in service to dispose of unwanted tech products, being the first of the big retailers to offer this service.
Supply chain and online partnerships Fruit gums and liquorice manufacturer Haribo has selected BEC to supply its data capture solutions for supply chain logistics and manufacturing +++ Car parts and bicycles retailer Halfords has partnered with online marketplace provider Mirakl to widen its online offering.
usa & canada
Gap goes seamless The US clothing retailer focuses on having the right products at the right time for the right channel by using a “seamless inventory” model supported by technology from GT Nexus.
Sales decline in Zimbabwe The country's leading supermarket retailer, OK Zimbabwe Limited, has posted lower than budgeted net sales for the quarter ending June 30.