Major acquisitions have caught our attention today with Hasbro buying a Canadian film studio and Simply Good Foods bolstering its healthy footprint. Amazon gets a stake at India' Future Retail, and Japan's Asahi continues its shopping spree in Australia. Want to see how German discounters work in the US? Read on to find out.




Friday, 23 August 2019





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Major acquisitions have caught our attention today with Hasbro buying a Canadian film studio and Simply Good Foods bolstering its healthy footprint. Amazon gets a stake at India' Future Retail, and Japan's Asahi continues its shopping spree in Australia. Want to see how German discounters work in the US? Read on to find out.




The Americas


Billion-dollar deals ▪ Toymaker Hasbro acquires Entertainment One, an independent studio based in Canada, for about USD 4 billion, marking a major expansion of its media efforts. Meanwhile, Simply Good Foods has added Quest Nutrition a producer of healthy lifestyle foods to its portfolio in an all-cash deal worth USD 1 billion.



Under investigation ▪ The Brazilian unit of French retailer Carrefour has been approached by 'relevant authorities' over a corruption claim related to the operation of a store in Sao Paulo and the headquarters 'without operating license.' The company said that it will cooperate.



Delicate payment ▪ Apple has finally launched its credit card nationwide in the US. However, the company has warned cardholders they’ll have to take special care of it. Leather wallets, loose change and jeans pose a danger, for instance. Here is what has to be taken into consideration.




Europe & South Africa


Streamlining operations ▪ German cosmetics chain Douglas is exploring ways to cut costs and will shut down around 70 locations, mainly in Italy. Meanwhile, British grocer Morrisons is not only closing its Crawley store as reported yesterday but three more supermarkets, affecting 400 jobs.



Management overhaul ▪ Spar Netherlands is set to adjust its management model to be prepared for further growth of the organisation. Under the new structure, general manager John van der Ent will then have final responsibility as chairman of the team.



Poor numbers ▪ South African budget clothing and furniture retailer Mr Price posted a 2.5% sales drop for the first four months of its financial year due to a tough retail environment. However, the company said it was seeing signs of recovery in the second half.




Asia & Australia


Indian investment ▪ After having agreed to acquire a 49% stake in Future Coupons, Amazon can expand its reach in the Indian brick-and-mortar market. The company is owned by Future Retail, which operates more than 900 stores in the country, including Big Bazaar.



Beverage portfolio ▪ Asahi continues its expansion into Australia and has bought Queensland craft beer brewer Green Beacon Brewing. The acquisition of the Brisbane group comes just a month after the Japanese brewing giant made an AUD 16 billion buyout offer for beer company Carlton & United.



Profit drop ▪ Australian supermarket major Coles has missed expectations and suffered a 9 per cent profit decline in its first full fiscal year as a standalone business after its spin-off from former parent Wesfarmers late last year. Net income fell to AUD 1.43 billion.




Picture galleries


Lidl on the East Coast ▪ By the end of 2020, the German discounter, who just opened its first store in central Pennsylvania, wants to operate more than 100 stores in the USA. The East Coast will be the focus of expansion. Have a look at the first Lidl location on Staten Island (captions in German).



Aldi in the Big Apple ▪ Unlike Lidl, competitor Aldi Süd has long been present in the US and operates around 20 stores in New York. Impressions of its Brooklyn location. Meanwhile, Aldi Nord has reached cult status with its special concept. A visit to Trader Joe's Chelsea in Manhattan (captions in German).