Hello, dear reader!
China toughens its online selling rules again, this time for infant formula, which outrages some Australian suppliers. German start-up Rocket Internet stays in the headlines with another Asian divestment. Swiss food maker Nestlé beats analysts' expectations and US confectionery company Mars promotes healthy choices. Read these stories and more in today's issue. Have a great weekend.
asia & australia
Spar flourishes in Indonesia The Dutch supermarket chain, which opened its first store in Jakarta in March last year, enjoyed significant growth in the country. In partnership with local retailer Ramayana, the group opened 15 stores in nine month. Spar also grows in India and in China.
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Job losses at Wesfarmers The parent company of Australian retailer Target has decided to relocate the headquarter of the chain, which has been hit by an accounting scandal, from Geelong to Melbourne. The move could affect 900 jobs, but Wesfarmer's CEO says that the job cuts "won't be huge".
Rocket Internet divests more units After having sold Singapore-based Lazada to Alibaba, the German start-up is reportedly selling off business units of its unprofitable Asian fashion portal Zalora. Yesterday, Rocket Internet reported results for its companies Hello Fresh and Delivery Hero, which are growing fast but still make losses.
Fewer leaders for Real Metro Group’s hypermarket chain has announced a change of top level management, with Chief Financial Officer Henning Gieseke and Chief Merchandise Officer Patrick Müller-Sarmiento taking over joint leadership. Real will now have four leaders instead of five.
Amazon pushes fashion The e-commerce giant is reportedly targeting several start-ups in the fashion sphere as potential acquisitions to expand its presence in the category. Amazon is looking at online retailer Everlane, Le Tote, Rent The Runway and more.
Mars promotes healthy choices The American food giant is calling on the US Food and Drug Administration to issue voluntary guidelines for how much salt should be in processed food. The company is determined to make healthier food choices and has launched a five-year health strategy.
Aldi partners on wellness The German discounter, which is in the process of opening 45 stores this year across Southern California, will invest US$175,000 to help 15 schools in the area to improve their overall wellness environments.