The hype around plant-based products continues. Germany's HelloFresh will start offering Beyond Burger products in its American meal kits, and several veteran meat companies are about to enter the market. Across the water, Lidl takes precautions for a no-deal Brexit, and Russia's X5 Retail focuses on convenience. Enjoy the read




Tuesday, 20 August 2019





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The hype around plant-based products continues. Germany's HelloFresh will start offering Beyond Burger products in its American meal kits, and several veteran meat companies are about to enter the market. Across the water, Lidl takes precautions for a no-deal Brexit, and Russia's X5 Retail focuses on convenience. Enjoy the read




Europe


Brexit worries ▪ Lidl has asked its British suppliers to cover for rising costs as a result of a no-deal Brexit, while dairy giant Arla gets financial experts to calculate the possible burden. This follows Prime Minister Boris Johnson's announcement to leave the EU on 31 October without an agreement.



Strategic investments ▪ Russia's X5 Retail Group is getting ready to compete in the growing convenience market, and will soon open its second ready-to-eat food production facility. French retailer Les Mousquetaires wants to have more market share in Portugal and will spend EUR 200 million to open 105 stores in the country by 2023.



Snacking vision ▪ US confectionery giant Hershey has purchased a minority stake in Irish protein bar maker Fulfil, who hopes that the new partnership will further push its growth across Europe and Australia. The acquisition complements Hershey's range of confectionery brands.




United States


Vegan popularity ▪ Berlin-based HelloFresh will start offering the Beyond Burger in its US meal kits, starting September. The booming interest from consumers in plant-based products has prompted a growing number of meat companies to enter the space. Click here to see what's listed in grocery stores.



More food ventures ▪ Target is launching a private label grocery brand. The new line is called 'Good & Gather' and will have more than 2,000 items in 2020. The US discounter is regarded as a master of own brand development. Here is what the analysts say.



Alliance announcements ▪ Building on a pilot launched last October, Kroger and Walgreens Boots Alliance are expanding their partnership with health products in Kroger supermarkets and pick-ups in Walgreen's drugstores. Meanwhile, Walmart has joined forces with BuzzFeed's Tasty network to offer recipe ingredients.




Asia & Middle East


Beauty addition ▪ Japanese brewing giant Kirin has announced that it will acquire a stake in cosmetics manufacturer Fancl, in a deal worth USD 1.21 billion, capitalising on the country's growing wellness boom. The move is also seen as part of Kirin's push into the ‘functional foods’ market.



Extending reach ▪ Chinese search engine giant Baidu has launched cloud computing services in Singapore, as the company moves to catch up with rivals Alibaba and Tencent in Southeast Asia’s biggest information technology market.



Indoor farming project ▪ US grower Mastronardi Produce and visionary John Paul DeJoria want to develop the world's largest and most technologically advanced indoor farming project and have selected the Middle East as the first market for the new venture.




Insider Insights


Talking social media ▪ As part of Lebensmittel Zeitung summer tour through the United States, editor Matthias Himberg interviewed Carolyn Everson, vice president at Facebook for global marketing solutions. Here is what she has to say about advertising on social media e-commerce plans and a lot more.



Retail challenges ▪ Tariffs, currency fluctuations, lower international tourism makes it difficult to evaluate the strength of the US economy. While consumer spending looks healthy, it takes more than that to be a successful retailer. Click here to read about the current state of US retail, the winners and the losers.