Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Monday, 17 October 2016

Hello, dear reader!
Alibaba embraces virtual reality and reveals ambitious plans. Japanese firms Asahi and Fujitsu share news about their European operations. Tech giant Apple has opened a shop in New York's Macy's and overhauled its flagship in London. Over in Germany, the struggling supermarket chain Kaiser's Tengelmann is up for grabs after crisis talks have collapsed. Get informed and have a great start to the week.


Alibaba's ambitious plans   The Chinese online giant demonstrated its virtual reality payment system at a conference in Hangzhou, while founder Jack Ma revealed plans to create 100 million jobs in the next 20 years. The most recent European customer to sign a deal with the company's Tmall is wine company Gruppo Italiano Vini. ▪
Statements from Japan   Tokyo-based Asahi Group has completed its EUR 2.55 billion acquisition of Miller Brands UK, adding brands such as Peroni Nastro Azzurro, Grolsch and Meantime to its beer portfolio +++ Electronics giant Fujitsu scales back in Europe and plans to cut 400-500 jobs in Germany and 1,800 jobs in Britain. ▪
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Crisis talks breakdown   Grocery store rivals Rewe and Edeka, labour representatives and politicians were unable to find a solution over the acquisition of ailing supermarket chain Kaiser's Tengelmann, leaving more than 16,000 jobs hanging in the balance. ▪
Focus on customer   Frozen food specialist Iceland has refreshed its look. The company opened a refitted and modernised store in London. In a bid to deliver the best shopping experience, online grocery retailer Ocado has introduced an advanced artificial intelligence software model to contact its customers. ▪
Food trends in Paris   Food exhibition Sial kicked off in Paris on Sunday, showcasing international food trends and innovations. Around 160,000 delegates from around the world are expected to attend the five-day show, which runs until Thursday 20 October. ▪
Usa & Latin America
Kellogg buys in Brazil   In its largest purchase in Latin America, US-based multinational food maker Kellogg Co. has agreed to acquire a controlling stake in Brazilian food group Parati, which manufactures biscuits, pasta and powdered drinks. The deal is said to be worth US$ 428 million. ▪
Pepsico diversifies   The US softdrink giant is reportedly close to acquiring probiotic drinks maker KeVita, which would expand the company's portfolio of brands that appeal to health-conscious consumers. Between 2011 and 2015 Pepsico and rival Coca-Cola sponsored around 96 national health organisations. ▪
Apple's store strategy   Macy’s became the first department store retailer to open an in-store Apple shop, located on the main floor of the company’s New York City flagship. Across the Atlantic, the tech giant has overhauled its 12-year-old store in London, which now reflects the company’s updated store strategy. ▪
Thought-provoking reads
When giants compete   The news that online mega retailer Amazon will open grocery stores and discount powerhouse Aldi will sell e-books is troublesome and may cause an intense fight for market share. US magazine Forbes takes a closer look at the greater competition on the global stage. ▪
Samsung's loss    As a result of making a complete mess of the Galaxy Note 7 recall, South Korean tech company Samsung is more likely to lose a large number of high-end users to other Android handsets makers such as Huawai or Google rather than to Apple according to analysts. ▪

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