There are many new ventures being explored in the retail world. Sweden’s Nome is planning massive growth in China, while fashionista David Tlale is branching out into fragrances. Enjoy the read.




Monday, 17 December 2018





Hello ,

There are many new ventures being explored in the retail world. Sweden’s Nome is planning massive growth in China, while fashionista David Tlale is branching out into fragrances. Enjoy the read.

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Europe


Merger worries ▪ A UK tribunal court has ruled that the Competition and Markets Authority has treated the Sainsbury’s-Asda merger unfairly with the time limits given to provide evidence. Meanwhile, Sainsbury’s shares dropped 7% amid the legal challenge.



Plastic fantastic ▪ Coca-Cola is investing in Netherland tech company Ioniqa to enable production of high-grade recycled PET plastics from hard-to-recycle PET waste. The move will help the soft drink giant fulfil its promise of 50% recyclable packaging material by 2030.



Game on ▪ Poste Italiane CEO Matteo Del Fante believes the Italian postal services, which previously ran as a monopoly, will survive the introduction of Amazon as an official postal operator in the country, asserting “Poste has got big enough shoulders to face competition”.




Asia & Africa


Stress-free shopping ▪ Indian consumers will now be able to shop more easily with the launch of Google Shopping in the country. Users can search for items in English and Hindi and compare deals from different outlets and retailers.



High hopes ▪ Zimbabwe’s largest mobile phone operator Cassava Smartech is going public and is expected to begin trading this week. Former parent company Econet will retain 20% and hopes to maximise value from a bundle of its businesses and ultimately become the ‘Tencent of Zimbabwe’.



New venture ▪ South African Fashion pioneer David Tlale is preparing to enter a new market, with the development of luxury fragrances for both men and women. Tlale believes the perfume launch will target an untapped market on the continent and will allow him to apply a more aggressive marketing strategy on digital platforms.



Ambitious plans ▪ Swedish designer Nome has announced bold plans to open more than 2000 stores in China over the next five years. The home and lifestyle brand hopes to see a rise in sales to US 7.2 billion in this time.




United States


Growth strategy ▪ Starbucks has announced its two-pronged approach to future growth. The coffee powerhouse is teaming up with delivery service Uber Eats to compete with major food service chains, and also intends to strengthen its presence in China. Check out the video with CEO Kevin Johnson outlining his strategy.



Porch pirates ▪ Amazon is getting clever in its battle against package-stealing thieves. The online behemoth has teamed up with local American police and is leaving ‘bait’ packages equipped with GPS trackers. The company has certainly been busy this year – check out everything Amazon did in 2018 that you might have missed.




Strange but true


Racist imagery ▪ Luxury fashion house Prada is under fire for selling red-lipped monkey dolls designed to be attached to handbags, after commentators pointed out they strongly resembled the racist caricature known as “Black Sambo”. They have since withdrawn the USD $550 charm from circulation.



Added bonus ▪ Cannabis entrepreneurs in the state of Michigan are ‘gifting’ marijuana to get around local laws. While recreational marijuana is legal there, the retail market has yet to be organised by the regulators. In the meantime, crafty operators are simply giving marijuana to customers as a bonus treat when they purchase food or other products of a certain value.