State-owned China Foods considers reducing its stake in several Coca-Cola bottling companies; in the UK, department store chain John Lewis makes a large investment in beauty products and Asda is set to sell its photo service. Over in the US, Procter & Gamble heads to court. Have a great day, and if you enjoy this edition, please share.
Myntra steps off line As overall sales reach US$ 1 billon, the Flipkart-owned e-commerce company has announced plans to open brick-and-mortar stores in India over the next three months. Myntra recently acquired smaller rival Jabong to strengthen its position in the fashion and lifestyle category.
Start-up gets boost Coda Payments, a Singapore-based start-up that simplifies the complexity of alternative payments in Southeast Asia, has raised US$ 2 million from existing investors. The company says the extra capital will enable it to progress to the next level.
Brewers downsize In reaction to consumer demand for smaller packaging, Croatian brewers Zagrebačka Pivovara and Karlovačka Pivovara have reduced the size of their beer cans. Analysts question the change.
Ikea powers up Extending its commitment to renewable energy, the Swedish furniture retailer has announced plans for a biogas-powered fuel-cell system for its Connecticut, USA, location. More than a year ago, Ikea completed installation of a similar project at its store in Emeryville, California.
strange but true