Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Monday, 18 April 2016

Hello, dear reader!
Another Chinese giant is determined to raise billions for expansion and Australian exporters are cementing their businesses in China. A provider of American products has purchased Britain's oldest sweet company and McDonald's revamped its staff policy in the UK. Read these stories and more in today's issue. Do also check our thought-provoking insider insights. Have a great start to the week.

asia & australia
Billion-dollar plans   Shenzen-based Internet company Tencent is reportedly speaking with banks about getting a syndicated loan of as much as US$ 2 billion as it expands operations, and Chinese online retailer plans to merge with online delivery platform Dada to enhance efficiency. also considers to offer about US$ 1.5 billion of bonds. ▪
Strategies to stay ahead   Indian e-commerce major Flipkart has introduced a series of measures to cut expenses to earn a gross profit ahead of the festival season, while Mumbai-based telecom startup Reliance Jio Infocomm is set to fight competitors by improving the service quality. ▪
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Cementing business ties in China   Australia's premium brand Nova Spring Water and dairy producer Phoenix International have both signed a memorandum of understanding with Chinese partners to help distributing their products in the country +++ One of Australia's best selling wines, Brygon Reserve Wines, has partnered with online alcohol retailer ▪
Sweet acquisition   In a bid to become UK's leading confectionery supplier, Innovative Bites, an importer of American food & drink products, has bought 120-year-old British sweet business Bonds of London in a "multi-million pound deal".  ▪
Primark enters Italy   The Irish value fashion chain, which operates 285 stores across Europe, opened its first store in Italy at the end of last week +++ Leading Italian clothing retailer OVS posted a sales increase of 7.5% to EUR 1.31 billion at the end of 2015, reaching a 7% market share. ▪
Revenues and recoveries   France’s largest retailer, Carrefour, reported a strong first-quarter revenue of EUR 20.1 billion, boosted by growth in southern Europe and Latin America, and improving sales in China +++ Spanish supermarket chain Eroski says that it is on track to recovery in 2016, after it reported losses of EUR 280 million in 2014. ▪
usa & africa
Dealing with bankruptcy    Struggling New York-based gourmet grocery chain Fairway has reached a deal with creditors to restructure its debt in bankruptcy +++ Sport retailers Dick’s Sporting Goods and Academy Sports + Outdoors are reportedly interested to buy some of the assets of Sports Authority that are on sale in a bankruptcy auction. ▪
Nielsen extends capabilities   The US global insight giant and Dublin-based e-commerce analytics company Profitero plan to form a strategic alliance, which will effectively extend Nielsen’s e-commerce capabilities, allowing manufacturers to correlate digital shelf analytics with actual sales data. ▪
Bidvest spins off food unit   South African conglomerate Bidvest Group will spin off and separately list its food distribution business. Bidcorp, which supplies food to pubs, restaurants and hotels in Europe, South Africa and Asia, will list on May 30. ▪
insider insights
Burgers reloaded   Paul Pomroy, chief executive of McDonald’s UK, has introduced some eye-catching initiatives at the fast food chain. He talks to the Guardian about table service and other 'posh' ideas to stay ahead of the game. One of it is revamping the employment policy to get off zero-hour contracts, after staff told him they are struggling. ▪
Stepping up the game   Paul Raines is CEO of US electronics retailer Gamestop, which has built a 1 billion digital business. He expects physical sales to remain key to the company's revenue, but thinks that by 2019, half of the revenues will come from businesses beyond physical games. Raines was interviewed by Fortune. ▪

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