Canadian dairy firm Saputo is about to enter the European market through a billion-dollar acquisition, Amazon has added milk to its private-label grocery offer, and Walmart collaborates with a fast-casual restaurant chain to sell ready-to-eat items in Canada. Another big deal is also taking shape in Australia. Check out, who is involved.




Tuesday, 26 February 2019





Hello ,

Canadian dairy firm Saputo is about to enter the European market through a billion-dollar acquisition, Amazon has added milk to its private-label grocery offer, and Walmart collaborates with a fast-casual restaurant chain to sell ready-to-eat items in Canada. Another big deal is also taking shape in Australia. Check out, who is involved.

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Europe


Staff expansion ▪ German discounter Aldi will create 400 jobs with the opening of its 10th distribution centre in the UK, in Kent. In Ireland, retailer Supervalu offers 210 people work by launching new stores as part of its EUR 30 million investment programme. Finally, Amazon promises to fill in more than 1,000 apprenticeship roles in Britain over the next two years.



Dairy deal ▪ Canadian dairy company Saputo is set to acquire Dairy Crest, one of the leading British producers of cheese, butter, spreads and oil. The purchase price is said to be USD 1.27 billion, to be paid in cash. The deal will offer the Toronto-based firm the opportunity to start growing across the Atlantic.


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Laudable intensions ▪ British grocer Waitrose & Partners has set up a foundation in Senegal and Gambia to support a variety of community development programmes in the region. In Italy, retailer Crai has launched the 'Doniamo un sorriso' campaign in its stores to make hospital life easier for children.




US & Canada


Fresh offers ▪ Walmart has added ready-to-eat items from Toronto-based restaurant chain Freshij at 100 of its Canadian locations. Meanwhile, competitor Amazon bets on selling its own brand milk through its home delivery service and also offers private-label cheese.



Adding drugstores ▪ Iowa-based grocer Hy-Vee is about to buy 10 pharmacies from Weber & Judd, an independent drug chain in Minnesota, for an undisclosed sum. The transaction marks Hy-Vee's second acquisition this month. On February 8, it announced the purchase of six Shopko pharmacies.



On a roll ▪ US retail powerhouse Target has started to work with third-party sellers on its website, while it is expanding its growing collection of exclusive brands. With the launch of three lingerie and sleepwear labels, Target is taking on struggling womenswear company Victoria's Secret.



Delivery decisions ▪ The Home Depot invested money into Atlanta-based start-up Roadie, which just has raised USD 37 million and operates in 224 metropolitan areas. Meanwhile, grocer Wegmans is expanding its partnership with Instacart and rolling out its curbside pickup.




Australasia


Asset sale ▪ Australian logistics giant Brambles announced that it will sell its Ifco business, which serves large grocery retailers with reusable plastic containers, to a subsidiary of the Abu Dhabi Investment Authority for USD 2.51 billion, to focus on new 'strategic priorities'.



Kiwi record ▪ New Zealand-based Seeka posted a 27% rise in profit, thanks largely to an increase in kiwifruit volumes. The grower-exporter harvested and packed 31.4 million trays of the fruit in its home country, including 10.8 million trays of Zespri SunGold.




Worthwhile reads


Misleading info ▪ The British Dietetic Association warns about 'confusing' messages when it comes to selling healthy food. Products high in salt and saturated fats are being marketed as healthy by leading supermarkets, according to a report from the BBC.



Public commitment ▪ Warren Buffet, owner of Berkshire Hathaway, said that his company has overpaid in the 2015 merger that created Kraft Heinz. However, he has no plans to abandon the struggling food company as it has “very, very strong” brands and he would be happy to own it a decade from now.