Hello, dear reader!
Discount powerhouse Lidl is in pole position in the UK. Alibaba partners with German software giant SAP, while America's Abercrombie & Fitch has chosen Zalando to expand its footprint in Europe. Nestlé invests in Angola and South Africa's Shoprite considers offshore expansion. The newly formed retail giant Ahold Delhaize has published second-quarter results - yet for each company separately. Enjoy the read!
asia & australia
Ifco reaches milestone The leading provider of reusable plastic containers (RPC) to the fresh food sector worldwide has shipped one billion RPCs across Europe between producers and grocery retailers within a 12-months period and said this record number represented more than 20 years of steady growth.
Solid results The newly merged food retailer Ahold Delhaize has reported separate second-quarter results of both companies with improved sales and profit figures. The first combined results will be published for the third quarter.
usa & canada
Abercrombie partners with Zalando The Germany-based e-commerce retailer that counts more than 18 million active customers will start selling products from US apparel company Abercrombie & Fitch through its online stores in 15 European markets.
Demand for quality control US retail heavyweights Walmart, J.C. Penney and Bed Bath & Beyond have started investigations into products supplied by Welspun India, after retailer Target last week accused the Mumbai-based manufacturer of passing off cheap sheets as premium Egyptian cotton and dropped the company as supplier.
Shoprite eyes Asia Vietnam and Cambodia are markets that look interesting to Africa's largest food retailer, according to Shoprite CEO Whitey Basson. The company has reported a strong rise in sales for its last fiscal year, helped by its international growth. It opened 18 new outlets outside of South Africa.
Nestlé invests in Angola The Swiss food giant announced that it will increase its investments in the Southern African nation. Its local subsidiary is planning to spend US$ 1.6 billion to build two new production lines by the end of 2016 with a packaging capacity of 12,000 tons.