Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 30 August 2016

Hello, dear reader!
While snack maker Mondelēz has abandoned plans to buy chocolate company Hershey, Canada's Couche-Tard expands its US footprint with the acquisition of more stores and Walgreens forms a partnership with Prime Therapeutics.  Amazon continues to open physical outlets in the US, and Carrefour expands with its 'Gourmet' format in Poland. Enjoy the read and don't forget to share.

asia & australia
Happyfresh aims for profit   The Jakarta-based grocery on-demand service, which partners with Tesco and Carrefour, announced that it will concentrate on Indonesia, Malaysia and Thailand, after exiting Taiwan and the Philippines. The company raised over US$ 12 million in its latest fundraising. ▪
Woolies faces lawsuit   Only a few days after the Australian supermarket operator agreed to sell its Home Timber & Hardware business and close all its Masters stores, US retail giant Lowe's, which had a joint venture with Woolworths, has filed a court application accusing the latter of unfair behaviour. ▪
Foodpanda stays in India   The food delivery start-up backed by Rocket Internet, is set to raise fresh capital and has mandated a Mumbai-based investment bank for the process. While the company is rethinking its presence across Southeast Asia, it will stay in India, according to its Indian CEO, Saurabh Kochar. ▪
Developments in Poland   French retailer Carrefour has opened its second 'Gourmet' market outside Warsaw while Poland’s leading convenience store operator, Żabka (paywall), has reportedly launched a cooperation with InPost and Pointpack to pilot a courier service. ▪
Jumbo grows organically   The second largest retailer in the Netherlands has seen a sales increase of 13% in the first half of the year. As part of a EUR 125 million investment, Jumbo has renovated 30 of its stores, extended its home delivery service and opened 100 new 'Pick up Points'. ▪
Reaching milestones   German retailer Alnatura and organic-food association Bioland celebrate a successful 30-year partnership. Currently 121 Alnatura products are certified 'organic' +++ Germany recorded the highest share of new energy drink product launches in 2015. The global market for this category rose by an energetic 10% to reach 8.8 billion litres. ▪
usa & canada
Mondelēz ends merger talks   The Illinois-based multinational snack maker announced it has ended discussions to buy chocolate company Hershey, claiming “there is no actionable path forward toward an agreement”. The acquisition would have created a global powerhouse selling some of the world’s best known chocolates and snacks. ▪
More deals in progress   Canadian convenience store chain Alimentation Couche-Tard continues to expand its US footprint by signing an agreement to buy 53 stores in Louisiana +++ Walgreens Boots Alliance has struck a deal with Prime Therapeutics to lower drug costs +++ Fashion retailer Nordstrom has expanded its partnership with specialty apparel company J.Crew. ▪
Amazon experiments   The online mega retailer, known for its strenuous work culture, is testing a programme to trial a 30-hour workweek at reduced pay for select employees — but with full benefits. In other news, Amazon announced it will open its fourth physical store in Chicago. ▪
Uchumi farewells managers   In a bid to cut down costs, the struggling and cash-strapped Kenyan supermarket chain said goodbye to 16 of its top managers after asking them to volunteer for early retirement. The move was widely criticised on social media. ▪
Shoprite shops around   Consumerism in Africa is growing at a rapid rate and the continent's largest retailer, Shoprite, is looking for opportunities to expand and considering another acquisition. The retail giant plans to open more stores in Nigeria, Angola and Zambia. ▪

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