Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Thursday, 15 September 2016

Hello, dear reader!
The pharma mega deal of the year - Bayer's acquisition of Monsanto - is in progress, albeit still facing a lot of hurdles. Amazon introduces its Echo speakers in European markets, while Lidl is on the lookout for staff in the US. Newly formed combo Ahold-Delhaize is criticised for squeezing suppliers and Heineken eyes the South African market. Read these stories and a lot more in today's issue.

asia & australia
Chinese beer appetite   China Resources Beer is considering a bid for SABMiller’s central and eastern European operations, valued at about US$ 6 billion. The assets include Pilsner Urquell. But China's brewers have a problem: The country is losing its appetite for beer. ▪
Indian consolidations   Reliance Communications and Aircel merged their wireless operations to create a combined entity. The deal is regarded as the biggest in the country's telecom sector. Another spectacular takeover saw global payment provider PayU, owned by South Africa's Naspers, acquire Mumbai-based Citrus Pay for US$ 130 million. ▪
Myer makes progress   The Australian department store chain has more than doubled its profit in the first year of its transformation strategy and CEO Richard Umbers believes that the business has become stronger in a "challenging environment. ▪
More premieres for Amazon   The online behemoth will introduce Echo and Echo Dot in Britain and Germany. It will be the first release of the voice-controlled speaker and smart home hub outside the US. Another first is the launch of a TV advertising campaign in the UK by Amazon Fashion (paywall). ▪
Ahold-Delhaize under scrutiny   The Netherlands' Food and Grocery Industry Federation considers a formal complaint against the Belgian-Dutch retail giant for demanding concessions from suppliers in the wake of its merger. Meanwhile, subsidiary Albert Heijn has opened its first petrol-station based 'To Go" outlet in the country. ▪
Mega deal with obstacles   German chemical pharmaceutical giant Bayer has finally won over the management of Monsanto to acquire the controversial seed market leader. Some label it a 'marriage made in hell', others see advantages. Nevertheless, the biggest deal of the year still faces a lot of regulatory hurdles. ▪
usa & canada
Seeking staff   Lidl started advertising for store managers across US states. The German discounter intends to open its first store in the country in 2018, and delivery company UPS plans to add about 95,000 seasonal workers for the upcoming holiday season. ▪
Target thinks small   The US discount retailer is set to open hundreds of smaller stores to expand into downtown areas, according to CEO Brian Cornell, who also says that Target has “no intention” of becoming a full-service grocery store (paywall), even as it faces declining sales. ▪
Best Buy offers mobile pay   In a move to streamline checkout and drive loyalty, the consumer electronics retailer has signed a mobile payment deal with Chase, which will enable the chain to accept Chase Pay in its stores and on its apps. ▪
Targeting South Africa   Dutch brewer Heineken, which recently launched Sol Mexican lager in the African country, plans to boost its market share there by adding more premium brands. Guinness Nigeria, a unit of London-based Diageo, also considers selling some of its products in South Africa. ▪
Visa partners in Kenya   The credit card company has teamed up with a number of banks in the country to launch its Mvisa app that allows users to make purchases or transfer money using their cell phones. Visa plans to expand to Rwanda, Uganda, Tanzania, and Nigeria within the year. ▪

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