Sainsbury’s has gone into overdrive placating shareholders at it’s AGM, while its CEO defends a hefty pay rise. On a lighter note, meat and meat alternatives hit our radar with questions of health and competitive eating making for fascinating reads. And finally, Happy Birthday to Amazon, who is celebrating 25 years of world-dominating success. Have a great weekend and enjoy the read!




Friday, 05 July 2019





Hello ,

Sainsbury’s has gone into overdrive placating shareholders at it’s AGM, while its CEO defends a hefty pay rise. On a lighter note, meat and meat alternatives hit our radar with questions of health and competitive eating making for fascinating reads. And finally, Happy Birthday to Amazon, who is celebrating 25 years of world-dominating success. Have a great weekend and enjoy the read!

ADVERTISEMENT
Banner





Europe


Courting suitors ▪ Metro has received an improved offer of well in excess of EUR 500 million from a consortium led by investment firm X+Bricks for its Real hypermarkets group. However, the German wholesaler still favours property investor Redos, with the two parties talking exclusively to form a deal.



Tsk tsk tsk ▪ As predicted, Sainsbury’s was hauled over the coals at its AGM for its failed merger with Asda, as well as a drop in share prices. Shareholders at the meeting also called into question CEO Mike Coupe’s recent GBP 250,000 pay rise.



Going public ▪ Asda chief executive Roger Burnley has given a timeline for a potential stock market listing for the Walmart-owned UK supermarket. While a final decision or exact date is yet to be confirmed, Burnley predicts an IPO in 2-3 years is likely.



Progressive Nestlé ▪ The Swiss foodie is set to unveil new blockchain tech that will allow consumers to track the origins of palm oil and milk in its products. Nestlé has also launched a world-first: paper packaging of its snack bars.




US & Canada


Progress and partnership ▪ Walmart has enjoyed a boom in Mexico, with its company Walmex reporting an almost 5% rise in year-on-year sales for the month of June. In Canada, the retail powerhouse has teamed up with Dutch retailer Hema and will see standalone storefronts and shop-in-stores at Walmart.




Asia & Australasia


Looks first ▪ Alibaba has taken its facial recognition payment system Alipay to the next level with beauty filters added inside the app to glamourise patrons. The move comes in response to a poll that found a significant number of people thought they looked unattractive through the app, and didn’t like their face being displayed publicly on screens when paying.



Change in the air ▪ Staff at Australian supermarket leader Woolworths are celebrating a victory after a tribunal court’s recommendations have been accepted by management. Meanwhile, the grocery store has opened itself up to billions in investment from ethical funds after dumping pokies. Read on about how Woolies' new strategy is reminiscent of Amazon.




Weekend reads


Plant-based trends ▪ You could be forgiven for thinking that the plant-based burgers sweeping the world through companies such as Beyond Meat are far healthier options than their red meat counterparts, but perhaps not. Several dietitians have weighed in on the topic and discussed the caloric make-up, sodium content as well as the processed nature of the ‘meat’ and advise caution.



Competitive eating ▪ The hot dog industry hasn’t been doing so well of late, with links between processed meat and cancer stagnating sales. However, once a year on the Fourth of July, hot dog brand Nathan’s Famous gets a chance to shine in one of the most unusual physical pursuits – hot dog eating competitions. Check out the video showcasing this year’s champion – if you can stomach it!



Birthday celebrations ▪ Bring out the cake and balloons, it’s Amazon’s birthday and marks 25 years since the inception of an online store that would go on to redefine retail permanently. Read on to explore how Amazon has ‘changed the world’ in the last quarter century.