Friday, 01 July 2016
Over in the US, chocolate maker Hershey has rejected a takeover bid by Mondelez International. In an effort to better service the Chinese market, the US food manufacturer Mars is the latest to partner with Alibaba. While in France, Aldi makes a large investment in cashless payment devices. Have a great day, and if you enjoy this edition, don't forget to share.
Life after Brexit German Retail Blog interviews senior analyst Bruno Monteyne to get an insight into the possible effects UK’s exit from the European Union could have on German discount supermarket chains Aldi and Lidl.
UPS expands ‘Smart Locker’ The United Parcel Service (UPS) has teamed up with several retailers, including 7-Eleven, to expand its ‘Smart Locker’ programme from nine locations in Chicago to 300 nationwide. Smart Lockers enable customers to pick up goods 24 hours a day.
Kellogg’s to open first café The cereal giant will open its first permanent café in New York City on the Fourth of July. The café will serve dishes that include Kellogg’s cereals and other ingredients such as pistachios, lemon zest and thyme.
Takeover bid rejected Mondelez International, the maker of Cadbury, has failed to win over US chocolate giant Hershey with an US$ 23 billion takeover bid. The deal would have created the world's largest candymaker.
developments to watch
Chinese tourist myths exposed They go abroad only to shop and they spend indiscriminately are some of the myths about Chinese tourists exposed in a study by management consultant Oliver Wyman. Wyman hopes the findings will help global destinations to better meet Chinese tourists' needs.