The volatile milk market affects players around the world - In Britain, dairy giant Müller is about to transform its business to reduce costs, and in Australia, the milk prices have triggered a national debate. In other news, we learn about the latest alliances as well as some laudable environmental moves. Get informed and feel free to share!




Tuesday, 19 February 2019





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The volatile milk market affects players around the world - In Britain, dairy giant Müller is about to transform its business to reduce costs, and in Australia, the milk prices have triggered a national debate. In other news, we learn about the latest alliances as well as some laudable environmental moves. Get informed and feel free to share!

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Europe


Think small ▪ The crisis of hypermarkets in Italy pushes Carrefour Italia to consider remodelling to smaller formats. The retailer is set to invest EUR 400 million for the development, resulting in around about 590 redundancies. So far five stores in the northern part of the country are included in the reduction plan.



Joining forces ▪ Swiss-based drink bottler Coca-Cola HBC has announced that it will buy Serbian biscuit maker Bambi for EUR 260 million. In Britain, sports retailer JD Sports has acquired a stake in footwear and hoodie chain Footasylum, while online grocer Ocado has signed up with a French courier firm for rapid delivery.


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Simplifying business ▪ Britain's Müller Milk & Ingredients has introduced 'Project Darwin', a GBP 100 million cost and margin improvement programme, which involves a comprehensive review of every aspect of the dairy giant's operations including logistics, products, procurement, and customer relationships.




United States


Footprint extension ▪ German deep-frozen finger food manufacturer Frostkrone Group has acquired US-based potato products manufacturer Rite Stuff. The deal will help the Germans to expand its product offering in the American market. Last year, Frostkrone acquired two French companies.



Shutting stores ▪ Shoe retailer Payless will start to close its US stores this Sunday. The company reportedly prepares for what could be another bankruptcy filing and is also winding down its e-commerce operations. Payless has more than 2,700 North American stores, according to its website.



Focus on health ▪ America's two largest pharmacy chains, Walgreens and CVS, are in the process of redesigning their stores to dedicate more space to health services. Both are only experimenting at this point, but their models could become future formats. Click here for a comparison.




Asia & Australasia


Dairy debate ▪ Australian grocer Coles, who reported a 14% drop in half-year profit, and discounter Aldi are under political pressure Down Under for not increasing their price for milk after supermarket leader Woolworth has stopped selling cheap milk to support drought-driven farmers.



Tax targets ▪ The New Zealand government plans to update its laws so it can tax revenue earned by international digital firms such as Google, Facebook and Amazon, extending a global effort to bring tech giants into the tax net. In India for example, the multinationals may have to face a 40% tax rate.



Ambitious goal ▪ QL Resources, the Malaysian operator of Japanese convenience chain operator FamilyMart wants to open 300 stores in the country by March 2022, despite an economic slowdown caused by the US-China trade war. Market leader 7-Eleven operates more than 2000 stores in Malaysia.




Sustainability matters


Going green ▪ Amazon cares about its carbon footprint and says it aims to reach 50% of all Amazon shipments with net zero carbon by 2030, calling the programme 'shipment zero'. Prior to the announcement, Amazon has invested massively in American electric automaker Rivian.



Fighting plastic ▪ Dutch supermarkets have agreed to reduce plastic packaging in their shelves by 20% by 2025. They will also switch to 95% recyclable packaging by the same period. The plastic used in packaging materials should consist of 50% recycled material.