Attitudes towards food and nutrition are continuing to shift, with plant-based meat alternatives gathering increasing momentum. Food majors Kellogg’s and Hormel are introducing their own brands of veggie-meat, while Formula One star Lewis Hamilton is behind the first international chain of meat-free burgers. Lots to ponder over lunch today!




Thursday, 05 September 2019





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Attitudes towards food and nutrition are continuing to shift, with plant-based meat alternatives gathering increasing momentum. Food majors Kellogg’s and Hormel are introducing their own brands of veggie-meat, while Formula One star Lewis Hamilton is behind the first international chain of meat-free burgers. Lots to ponder over lunch today!




Europe


Investment ▪ Czech businessman Daniel Kretinsky and his junior partner Patrik Tkac have acquired a 4.63% stake in Casino via their joint investment firm Vesa Equity Investment. The move comes as Casino is seeking to sell assets and ease concern over its heavy debt load.



Expansion plans ▪ Grocery giant Carrefour will open two new discount Supeco stores in France, bringing the total to 41 across Europe. In Russia, rapidly growing grocery chain Vkusvill intends to expand internationally and is planning an initial public offering in New York.



Exciting launches ▪ German hypermarket giant Kaufland has unveiled ‘K Favourites’, a new line of 160 private-label goods. Meanwhile, Lewis Hamilton of Formula One fame is getting behind the first global plant-based burger chain – Neat Burger – with its first London store selling out of burgers within two hours of opening.



Acquisitions aplenty ▪ Manufacturing powerhouse Mars has bought a majority stake in German sports nutrition brand Foodspring. In Norway, food conglomerate Orkla has acquired Dutch bakery ingredient company Vamo for an undisclosed amount.



Organisational overhaul ▪ Coop Sweden is streamlining and redesigning its business structure, with a particular focus on digital transformation. The supermarket group is looking to improve innovation by working with entrepreneurs and hand-picked personnel.




United States


Tech and taxes ▪ Amazon is experimenting in-house with a biometric payment system involving recognition of consumers hands. If successful, a public rollout is likely early next year. Meanwhile, analysts predict the online behemoth will raise its prices by around 2% to compensate for the latest round of tariffs. In India, Amazon intends to ditch single-use plastic packaging by 2020.



Branching out ▪ The mock meat market is set to gain a few more competitors as food manufacturers Hormel and Kellogg’s each unveil their own vegan meat lines, with the latter humorously naming their product ‘Incogmeato’. Department store major Kohl’s is going green with the launch of a long-term sustainability plan focusing on climate action, recycling and sourcing.



Legal matters ▪ Walmart is being sued by two victims shot during the El Paso store massacre, who claim the retail giant showed gross negligence in failing to employ armed security guards. Fast fashion chain Forever 21 is also embroiled in legal drama, with pop singer Ariana Grande suing them for USD 10 million for using a lookalike model in their advertising.



Disaster fallout ▪ In addition to causing a humanitarian crisis, the category five storm named Hurricane Dorian is expected to have major ramifications for the retail sector, with consumer spending expected to decline in the south-east of the US by USD 1.5 billion.




Asia


Evaluating success ▪ Buoyed by the opening achievements of its first Chinese store, American grocery giant Costco is discussing plans for more stores. However, not everyone is happy, with reports of mass membership withdrawals from the Shanghai store as opening discounts ended and full pricing deemed more expensive than local e-commerce alternatives.




Store spaces


Modern touch ▪ Starbucks’ latest Reserve flagship is nothing short of inspiring. Housed inside a renaissance-style building in Tianjin, China, the coffee giant has restored the 100-year-old building complete with glass dome, marble columns and carvings. Check out the pictures here.



Smart thinking ▪ Educational toy chain Lakeshore has opened its first ever pop-up store in the Mall of America. Customers will have access to interactive play-based activities as well the latest releases in toys created by former teachers.