Hello, dear reader!
Unilever enters the air purifier market with the acquisition of Swedish company Blueair. Canada's Couche-Tard is on the cusp of purchasing US rival CST Brands and a pharmaceutical takeover is on the cards in Russia. Over in Britain, Morrisons sells stakes in US-based grocery delivery service Fresh Direct. Have a great day and if you enjoy your Wednesday bulletin, please share.
Japan & Australasia
Digital decisions Fresh food delivery company Aussie Farmers Direct is fuelling competition in the Australian retail industry with the launch of an online-only supermarket, stocking grocery brands at low prices +++ Start-up Shoptiques began business in Australia in June and says that boutiques on the platform have seen 80% growth in orders since then.
Morrisons sells US stake The British supermarket operator is obviously focusing on the domestic market and its core business. The company has offloaded its 10% stake in US online food retailer Fresh Direct for GBP 45 million, five years after it invested in the firm.
USA & canada
Healthy housing sector Atlanta-based home-improvement retailer Home Depot reported a second-quarter net income of US$ 2.44 billion, beating analysts' forecasts. The solid report came as government data showed continued health in the US housing sector.
Aldi family feud The heirs of the discount empire are battling for control of the chain. Their public feud has upended decades of obsessive discretion at Aldi. Bloomberg takes a closer look at the family dispute and its spill into the public view.
Tough delivery conditions Start-ups in the hyper-competitive food delivery face a notoriously tricky business. Quartz investigates their pricing system, which is sometimes borderline criminal, and the Guardian explains why Deliveroo couriers in Britain are right to strike.