Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung

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. ▪
Alibaba expands cloud business   The Chinese e-commerce behemoth has announced a number of new cloud services. It aims to invest in data centres in Asia, Dubai and parts of Europe over the next 18 months and its online shopping platform is launching same-day grocery delivery services to residents of Beijing. ▪
Danone partners with Yashili    Chinese-owned Yashili International will collaborate with Danone on its new NZ$ 212 million plant in Auckland, as part of a wider deal for the Chinese milk formula maker to buy Danone's Dumex. Just recently, the French dairy giant has posted a 4.5% year-on-year increase in sales for the second quarter. ▪
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
Merger mania in pharma sector   Israeli drugmaker Teva Pharmaceuticals is said to buy the Dublin-based generic-drug business of botox-maker Allergan for about US$ 40.5 billion. Drug giant Allergan on the other hand is reportedly going to acquire antidepressant maker Naurex for US$ 560 million. ▪
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
Lowe's invests in new stores   In addition to completing the acquisition of 12 former Target sites, the Canadian home improvement retailer also plans to invest US$ 50 million to open two more locations in Ontario. Meanwhile, Target is reportedly planning to expand its plans to equip its stores with rooftop solar panels. ▪
The demise of A&P   The fate of historic insolvent US supermarket retailer A&P has triggered German Retail Blog to interview Christian Haub about the pitfalls of the American market. His family, owners of  retailer Tengelmann Group, exited A&P in 2012. Dutch company Ahold and US supermarket chain Acme are reportedly interested in acquiring A&P stores. ▪
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. ▪
Innovative powerhouse Kenya    The visit of US president Obama to the East African country a few days ago has put Africa into the headlines. Obama endorsed Kenya as a 'hotbed' of innovation during the Global Entrepreneurship summit. Retail in Africa's largest economy is thriving. ▪
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. ▪

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