German retail chain Kaufhof is again the subject of negotiations between Canada's Hudson's Bay and Austrian Signa group. Both consider a joint venture. French retailer Fnac Darty has signed an exclusive agreement with Bouygues Telecom, while Walmart and Japanese giant Rakuten are working on their brand messages. Enjoy the read!




Wednesday, 27 June 2018





Hello ,

German retail chain Kaufhof is again the subject of negotiations between Canada's Hudson's Bay and Austrian Signa group. Both consider a joint venture. French retailer Fnac Darty has signed an exclusive agreement with Bouygues Telecom, while Walmart and Japanese giant Rakuten are working on their brand messages. Enjoy the read!




Europe


Connect expansion ▪ Electronics giant Fnac Darty has signed an exclusive agreement (in French) with Paris-headquartered telecoms provider Bouygues. The latter will expand its distribution network and the former intends to accelerate the development of Fnac Connect, its telephony shops. Fifty new franchise stores are planned.



Negotiations resumed ▪ Hudson’s Bay is reportedly in talks with Austrian Signa Group again about a joint venture for its German chain Galeria Kaufhof. Earlier this year, the Canadian group rejected Signa’s EUR 3 billion offer for Kaufhof, but in a bid to improve its financial performance, has started to sell some of its assets.



High street casualty ▪ Embattled British budget retailer The Original Factory Shop has launched a CVA proposal, reportedly aiming to shut more than 10% of its 234 stores, while reducing rents on the rest. The owner of the company has also negotiated a GBP 10 million emergency cash injection deal with its lenders.




US & Canada


Amazon announcements ▪ As part of a broader partnership, American Express plans to introduce a co-branded Amazon credit card for small businesses. The online giant is also increasing its brick and mortar footprint with the opening of a pick-up location in its hometown of Seattle and has added voice control to its Alexa app.



Streamlining design ▪ Walmart has appointed Valerie Casey as its new head of design. The experienced design consultant is tasked with merging the retail giant’s thousands of stores, dozens of apps, and website into one seamless experience with a socially conscious approach.



Pop-up with toys ▪ Party supplies retailer Party City announced plans to open about 50 pop-up stores nationwide under the Toy City banner. They will be located alongside the company’s seasonal Halloween City stores, with both concepts opening in early September.




Asia


Global branding ▪ Japanese e-commerce major Rakuten has announced the renewal of its global brand logo. It will represent the group's commitment to redefine expectations and take the organisation to the next stage of growth. The rollout of the new logo across the company's websites, apps and services will start in July.



Seafood alliance ▪ Food products company Thai Union Group has entered into a deal to acquire a 25.1% stake in service provider Thammachart Seafood Retail, which will see the former use the creative seafood restaurants concepts of TSR and will also supply its products to the company.



Food service fines ▪ Burger King, McDonald's and Starbucks are among dozens of companies fined for violating a new ban on single-use plastics in India's commercial capital Mumbai. The rules, in force since Saturday, prohibit the use of disposable plastic items such as bags, cutlery, cups and bottles under a certain size.




Worthwhile reads


Online produce ▪ Getting produce right in online deliveries is paramount. Two US grocery e-commerce veterans have shared their views on how to win the customer's trust on that topic during a food conference in Chicago, organised by the United Fresh Produce Association.



Meet Millennial's need ▪ How do you capture America’s largest spending demographic segment? How exactly do retailers win over this elusive set of shoppers? Is it price? Assortment? Promotions? Well, the answer is: all of the above, says a marketing manager and representative of this generation.