Delivery pilots, acquisitions opportunities, quarterly reports and the rise of plant-based meat are featured today. Alibaba and Tencent have impressed investors with their latest results. McDonald's enters innovative ways to help US citizens in Austria, and a Kiwi grocer has a unique approach to tackle waste. Read on to find out more.




Thursday, 16 May 2019





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Delivery pilots, acquisitions opportunities, quarterly reports and the rise of plant-based meat are featured today. Alibaba and Tencent have impressed investors with their latest results. McDonald's enters innovative ways to help US citizens in Austria, and a Kiwi grocer has a unique approach to tackle waste. Read on to find out more.




US & Canada


Exciting experiments ▪ Lidl is teaming up with online wholesaler Boxed, a leading start-up in food logistics, to test a home delivery service in its stores in New York and Georgia. Across the Atlantic, the German discounter is extending its Belgian bike delivery pilot after a successful start.



Online efforts ▪ Department store operator Macy's reported a solid performance in the first quarter thanks to strong growth of people using its mobile app for shopping. Meanwhile, Warren Buffett has revealed that his investment firm Berkshire Hathaway owns USD 860.6 million of Amazon shares.



Fast food empire ▪ Restaurant Brands, the parent company of Burger King, wants to become one of the world's largest restaurant companies with more than 40,000 locations globally. Its Canadian unit, Tim Horton, will put plant-based Beyond Meat items on their breakfast menus, sending shares of the start-up to a new high.




Europe & Vietnam


Assets on offer ▪ After having sold its Italian arm to Conad, French retailer Auchan put its 18 stores in Vietnam up for sale and has reportedly already been approached by potential buyers. Meanwhile, Swiss giant Nestlé has appointed EQT Partners to sell its skin health unit, valued at USD 10 billion.



Vegan hype ▪ Keeping a very close eye on food trends, Lidl will be one of the first retailers in Germany to offer burger patties from US start-up Beyond Meat. The discounter follows the footsteps of sister company Kaufland, who has just expanded its value-focused plant-based range.



Reporting results ▪ UK-based international DIY retailer Kingfisher posted a 1.7 % rise in group sales in its first quarter with full-year profit guidance remaining unchanged. The parent company of B&Q and Screwfix, who is in search of a new CEO, said it will launch several new ranges this year.




Asia & Australia


Top earners ▪ Chinese tech giants Alibaba and Tencent both exceeded expectations in quarterly earnings. Alibaba grew in its core business and in the cloud, posting an 51% increase to USD 13.6 billion. Tencent enjoyed a net profit of USD 3.9 billion, helped by investment gains.



Growing partnership ▪ Japanese retailer Aeon has opened its first hypermarket in Myanmar, where it already operates 14 supermarkets. The move is regarded as a response to the growing retail sector in the country. Aeon works with local partner Creation Myanmar Group.



Accessible wellness ▪ Australian supermarket operator Coles wants to make healthy products more affordable for cash-strapped consumers and has launched a new private label health food range, called Wellness Road. It contains 28 products, including organics.




Unusual & remarkable


Bring your own ▪ New Zealand supermarket chain Foodstuffs will soon allow customers to bring their own containers to use for fresh items in an effort to eliminate waste. The service is only available at counter departments so that staff can check containers as food safety is a top priority, says the retailer.



Burger embassy ▪ US citizens who need help in Austria can head to the nearest branch of McDonald's, because of an agreement signed by the fast-food giant. The embassy says that any American "in distress" can get assistance from one the country's 194 McDonald's joints.