The market for plant-based alternatives is growing rapidly and one of the first producers of the scene emerges as a rising star. Staying in the food sector, today is National Doughnut Day in the US, and one grocer celebrates this anniversary by sending the baked goodies into space. Read on and find out how. Have a great weekend!




Friday, 07 June 2019





Hello ,

The market for plant-based alternatives is growing rapidly and one of the first producers of the scene emerges as a rising star. Staying in the food sector, today is National Doughnut Day in the US, and one grocer celebrates this anniversary by sending the baked goodies into space. Read on and find out how. Have a great weekend!




US & Canada


Beyond expectations ▪ Beyond Meat reported quarterly revenue above analysts’ estimates in its first results since going public, sending its shares soaring. The company's plant-based burger alternative is growing worldwide with no supply shortage in sight. Placing the vegan items in the meat aisles, however, sparks controversy.



Billion-dollar deal ▪ Google will buy Looker, a big-data analytics company, for USD 2.6 billion in cash. The acquisition will give the tech giant, whose cloud computing division is a distant third globally to Amazon, a new tool to help customers manage data and sell more cloud storage and software.



Strategic decisions ▪ Walmart intends to become one of the largest hosts of electronic vehicle charging stations and will expand its partnership with VW's Electrify America unit. The retail giant will also launch its Indian Myntra brand in the US, and is committed to supporting local charitable initiatives.




Europe & Africa


Pharmacy pick-ups ▪ Russia's X5 Retail Group has announced a new partnership to open around 950 pick-up points for pharmacy items at its Pyaterochka stores. Under the agreement, the retailer's technology platform X5 Omni joins forces with distributors Medexport–Severnaya Zvezda and Zdravservis.



British developments ▪ Electronics retailer Dixons Carphone has appointed Erik Sønsterud as its new international boss. Meanwhile, this week's stock index saw Marks & Spencer narrowly avoiding to be downgraded from FSTE 100, and sportswear retailer JD Sports jumping into the top 100.



Green initiative ▪ Soft drink major Coca-Cola has installed solar panels and inverters on the roof of its bottling company in Namibia. The factory will now derive 9% of its total power requirements from the sun. The system is also expected to reduce carbon emissions by 832 tonnes.




Asia & Australasia


Growing overseas ▪ Australian fashion chain Cotton On plans to open its first flagship in India next year, however, it will start to sell products online on the Myntra platform. The retailer operates 1,500 stores worldwide and has already expanded into Singapore, Hong Kong and New Zealand amongst other destinations.



Toy joy ▪ Toys ‘R’ Us and Babies ‘R’ Us are coming back to Australia and debuting in New Zealand through an exclusive licensing agreement with Australian company Hobby Warehouse and Tru Kids, the US owner of the brands. The offering will initially be online-only, but small stores are planned.




Food for thought


Dietary helpers ▪ Walmart's online unit Jet.com is the first US retailer to adopt the technology of London-based Spoon Guru's platform to help consumers with specific dietary requirements. When shopping at Jet.com, consumers can now filter their searches to find healthy choices.



Bad ads ▪ Lidl, Asda, and Marks & Spencer are among the many F&B companies whose junk food ads have been officially banned by Britain's Advertising Standards Authority. The ads were discovered on children’s websites, as well as Youtube channels.



Space goodies ▪ Utah-based independent grocer Bowman’s Market wants to celebrate National Doughnut Day today by sending one of its home-made doughnuts into space, which will give a whole new meaning to the 'hole' in the ozone layer. Click here to find out how it will work (video).