Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Monday, 25 July 2016

Hello, dear reader!
Dutch retail giant Ahold and Belgian Delhaize group finalize the mega-merger, while French cosmetics giant L'Oréal acquires an American skincare producer in another billion-dollar deal. Verizon has finally purchased Yahoo and Sainsbury's takeover bid for Argos was approved by authorities. Catch up on the most recent developments and have a great start to the week.

asia & australasia
Woolies to sell Ezibuy   The Australian retail giant will spend almost A$ 1 billion on a restructuring process that will result in store closures and up to 500 job losses in its home country and New Zealand. The company also explores the possible sale of its online retail company Ezibuy. ▪
Fast fashion launches   Japan's global fashion label Uniqlo has opened an online store in Thailand, completing its physical stores in the country +++ Cover Story is a new shop-in-shop brand, developed by the Future Style Lab, the latest subsidiary of Indian retailer Future Group, which aims to counter global brands like H&M and Zara. ▪
Fuelling competition in India   Unilever Hindustan plans to introduce a range of baby care products under its Dove brand to challenge the dominance of rival Johnson & Johnson. Experts believe that the baby personal products category has huge potential in India. ▪
europe & Middle East
Merger completed  Ahold and Delhaize have successfully completed the merger, forming one of the worlds largest food retail groups. Today Ahold Delhaize officially start trading on Euronext Amsterdam and Euronext Brussels. ▪
L’Oreal buys in the US   In its largest acquisition in eight years, the French cosmetics giant has agreed to buy US-based IT Cosmetics for US 1.2 billion, adding some 300 skincare and make-up products to its portfolio. The company will become part of L'Oréal's Luxe division.  ▪
Sainsbury's gets approval   The competition regulator has given the all-clear for the supermarket chain’s GBP 1.4 billion takeover of Argos' owner, Home Retail Group. Meanwhile, agents have been brought in to market 18 Netto stores (paywall) in Britain after Sainsbury's pulled the plug on the partnership. ▪
Apps for easy shopping   Israeli start-up SuperSmart has developed an app that allows shoppers to skip checkout lines by paying for items with their smartphones. The system is currently being used in a trial run +++ Onmichannel provider TouchCommerce has created human-like dialogues with a "smart" virtual assistant to help selling in digital channels. ▪
usa & brazil
Amazon moves on   Convenience store operator 7-Eleven has beaten the online behemoth by being the first company to deliver via a drone to a customer's home. Undeterred, Amazon is continuing its rapid expansion with new distribution centres in Houston and Rome as well as the launch of its Prime Now service in Madrid. ▪
Digital deals   US telecoms giant Verizon has agreed to pay US$ 4.8 billion to acquire Yahoo in order to create a digital group capable of taking on the likes of Google and Facebook +++ Online payment provider Paypal has sealed a partnership agreement with Visa, which will allow shoppers to use Paypal in brick-and-mortar stores, but shareholders are concerned. ▪
Food unit for sale   BRF SA, Brazil’s biggest processed-food maker and poultry exporter, is considering selling stock in its Sadia Halal unit in a deal that could value the food products company at about US$ 5 billion. In April, BRF reported its worst results in four years. ▪
innovative ideas
Selling at sea   Missouri-based retailer Build-A-Bear Workshop is teaming up with Carnival Cruise, one of the world’s leading cruise lines, to bring its retail-entertainment experience to the line's fleet. The debut will be aboard the Carnival Dream next year. ▪
Eating healthy and fighting waste   French vegetable producer Bonduelle offers educational tours in two of its food factories to encourage young people to eat healthier +++ In its fight against any form of wastefulness, Carrefour Spain has created an award that acknowledges efforts to tackle food waste. ▪

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