Meat alternatives remain to be a hot topic with KFC being the latest to partner for a plant-based chicken alternative, and Swiss giant Nestlé looking for ways to expand its protein offer. Meanwhile, JAB Holdings is looking to raise investor dollars for further acquisitions, and Costco and Ikea are ramping up their activities in China. Have a great day!




Tuesday, 27 August 2019





Hello ,

Meat alternatives remain to be a hot topic with KFC being the latest to partner for a plant-based chicken alternative, and Swiss giant Nestlé looking for ways to expand its protein offer. Meanwhile, JAB Holdings is looking to raise investor dollars for further acquisitions, and Costco and Ikea are ramping up their activities in China. Have a great day!




Europe


Funding expansion ▪ Conglomerate JAB Holdings plans to raise as much as USD 8 billion from investors to further its acquisitions, mainly in the pet care and veterinary sector. The company, controlled by Germany’s Reimann family, has started contacting sovereign wealth funds, universities and investment advisors.



Gateway to Europe ▪ Alibaba's shopping platform Aliexpress is going offline and has opened a physical store at a centre in the outskirts of Madrid, the first of its kind in Europe. Spain is regarded as the third-largest foreign market for the Chinese company, which has also opened its platform to local suppliers.



Sharing data ▪ Switzerland-headquartered purchasing group EMD has partnered with AC Nielsen to launch an international data-sharing platform, which will see its FMCG partners offered access to sales data from core members including Germany's Kaufland and Globus, ESD Italia, and Lenta Russia.




US & Canada


Landmark ruling ▪ An Oklahoma judge found Johnson & Johnson guilty in fuelling the state's opioid crises by aggressively marketing painkillers, and ordered the consumer products giant to pay USD 572 million. The company, which has been facing several lawsuits over its different products, plans to appeal the judgement.



Executive changes ▪ Walmart Canada has appointed Horacio Barbeito as president and CEO, taking over from Lee Tappenden, who is leaving the company. Barbeito joined the retailer almost 25 years ago from Deutsche Bank in Argentina. Walmart's Canadian stores serve more than 1.2 million customers each day.



Store ideas ▪ Discounter Target is looking to bring the magic of Disney to its stores through a pilot with the entertainment giant. Meanwhile, Ahold Delhaize banner Giant Food has opened its latest concept store in a competitive Washington location. It offers bigger selections of prepared foods and a full-service pharmacy.




Asia & Australia


Growing abroad ▪ Ikea China will spend USD 1.41 billion within the next three years to strengthen its operations, improve customer experience and build on its business digitisation in the country. Meanwhile, wholesaler Costco is about to make its brick-and-mortar debut in Shanghai at the end of this month.



Reporting results ▪ Australian conglomerate Wesfarmers has enjoyed a 13.5 per cent increase in annual net profit to AUD 1.9 billion in 2019 thanks to strong performances at its banners Bunnings and Officeworks. The company's department store divisions Kmart and Target, however, took a hit.



Gourmet stations ▪ Australian department store David Jones, owned by Woolworths South Africa, is bringing its food hall experience to petrol stations in partnership with BP. The deal will see selected BP sites in Sydney and Melbourne offering exclusive high-quality products for urban, health-conscious consumers.




Food for thought


Fried alternative ▪ KFC has joined forces with Beyond Meat to test plant-based chicken alternatives in Atlanta this week. The experiment makes the company the first fast-food chain to introduce a Beyond chicken item, beating Popeyes and Chick-fil-A.



Veggie wave ▪ Swiss food giant Nestlé is looking at ways to expand in the alternative proteins market with the introduction of 'Incredible Mince', a purely vegetable soy-based mince under the label Garden Gourmet, which the company claims is as versatile as raw minced beef.