Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Wednesday, 05 October 2016

Hello, dear reader!
Amazon is in talks with the EU to settle an e-book antitrust probe. Several online fashion brands are set for expansion in Asia. Carrefour plans an IPO in Brazil. Italy's Conad trials organics and Delhaize includes Albert Heijn products. Over in the States, trading brands and buying stores are popular activities. Enjoy your read and please feel free to share.


Expanding overseas   Japan's Fast Retailing, the owner of fashion label Uniqlo, intends to operate 1,000 shops for its low-cost GU brand overseas within 10 years. After increasing its outlets in Taiwan and China, the company will turn its attention to South Korea, Thailand and Singapore. ▪
Hamleys enters China   The British iconic toy retailer, which was acquired last year for GBP 100 million by Hong Kong’s C Banner, has opened a new flagship store in Nianjing and announced plans to expand across China. The store offers its famous range of teddy bears alongside other toy brands. ▪
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Alibaba supports fashion   Grana, a Hong Kong-based online fashion retailer, has raised US$ 10 million in fresh funding led by Alibaba’s entrepreneurship fund. The funding will be used to grow Grana's product range and add more countries to its distribution list. ▪
Settlements and sales   Amazon is in talks with the EU to settle an antitrust probe regarding its e-book contracts with publishers +++ Doughnut maker Krispy Kreme UK has been sold to its American parent, which is currently in a sale process itself and about to be bought by JAB Holding, a unit of Germany’s reclusive Reimann family. ▪
Esselunga in demand   Four private equity funds are reportedly in talks to buy a majority stake in the Italian supermarket chain. The negotiations, however, started before the passing away of Essalunga founder, Bernardo Caprotti, last week. The future ownership is unclear. ▪
Trialling something different   Belgian retailer Delhaize has temporarily added a selection of Albert Heijn products to its range, after its own products were offered by the latter last month. In a bid to respond to changing eating habits, Italian supermarket chain Conad has launched an organic private-label brand. ▪
usa & Latin America
Trading brands   Retail giant Toys 'R' Us has sold its FAO Schwarz brand to the ThreeSixty Group, a company that designs and sells toys and other products. Power tool manufacturer Black & Decker is reportedly interested in purchasing Sears’ Craftsman line of tools. ▪
On track to grow   Arizona-based pet supply store chain Petsmart is determined to achieve its goal of opening 80 new stores in 2016, while Louisiana-based supermarket chain Rouses Markets expands by buying family-run business LeBlanc’s Food Stores, bringing the total number of its stores to 54. ▪
Carrefour gets ready in Brazil   The French retailer, which has been looking to list its Brazilian operation for years, plans to take it public next year. Over in Europe, Carrefour has won on a number of accolades recently, including the LEED Award and the Best Webshop prize for its Spanish webportal. ▪
Entering key markets   Cape Town-based manufacturer Rhodes Food wants to purchase Durban-based instant food maker Pakco in a bid to succeed in the "dry-packed products" segment. Meanwhile, South African producer of spirits, Distell, has identified the UK as one of its key markets. ▪
Nakumatt gets quality tick   The supermarket chain was awarded the ISO 9001-2008 qualification for meeting customer, statutory and regulatory requirements by the Uganda National Bureau of Standards. Kenya-based Nakumatt is the only retailer in Uganda to achieve this international certificate. ▪

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