Retail and consumer goods industry news

05 October 2020
In October 2019, Uber announced it had reached an agreement to acquire a majority stake in Chilean grocery delivery start-up Cornershop, subject to regulatory approval ( covered here ). The move would enable Uber to extend its on-demand offer across the Americas to include grocery delivery. Source: Cornershop In July 2020 Uber Technologies unveiled that users in select Latin Americ...
02 October 2020
With Walmart confirming the sale of its UK-business, Asda, to the Issa Brothers and TDR Capital, we look at what the deal means for the retailer. 1. Opportunity to benefit from business improvement This transaction follows on from a similar move in Brazil in 2018, when the retailer divested an 80% majority stake of its operations in the country to private equity firm, Advent Internati...
02 October 2020
Walmart has confirmed that the Issa brothers, co-CEOs of leading forecourt operator EG Group, and supported by TDR Capital have agreed to acquire its UK operations. The deal in brief Issa Brothers and TDR Capital will take equal shareholdings in Asda Walmart will retain an equity stake with an ongoing commercial relationship The deal values Asda at £6.8bn, on a debt-free and cash-f...
02 October 2020
As Eroski and its cooperative members announce developments we round up the news from the organisation. Vegalsa-Eroski’s positive 2019 results Vegalsa-Eroski announced an increase in sales of 3.1% in 2019, taking its sales to €1.1 bn. During the period, Vegalsa-Eroski invested €21.4m in its store network. The retailer said it ended 2019 with 266 stores, made up of: Five Eroski hyperma...
02 October 2020
As DIA and Amazon expand the coverage of the Prime Now service to more cities and the retailer sets out its increasing focus on franchising, we look at how it is investing in key areas of its business. DIA and Amazon expand Prime Now coverage As part of their agreement, DIA and Amazon have, through the former’s La Plaza de DIA banner, made the service available in five cities. Now available...
01 October 2020
Boots is introducing its ‘much anticipated’ Mothercare range in stores and launches its new recycling scheme, which allows shoppers to receive rewards for recycling products.  Expanding its baby and toddler offerings Boots has launched a virtual tour of its baby and toddler offerings in-store that showcases the new Mothercare range. The range launched online on September 25 th and will be ...
01 October 2020
The regional SPAR wholesaler for the north of England, James Hall & Co, has launched a store on Lancaster University’s campus. Serving a range of student missions The store, which was previously an independently owned SPAR store since 1995, has been refurbished by James Hall & Co. Following the full store refurbishment, the store caters to a range of needs and missions. The range includes f...
01 October 2020
Vinshop, developed by Vingroup, is a new platform that connects traditional shop owners with supplier partners. A wholesale online model Vingroup has sold Vincommerce retail, which operates a chain of supermarkets and convenience stores, to Masan at the end of last year. It also closed Adayroi, its ecommerce website selling to consumers. With VinShop, traditional grocery store owners can bu...
01 October 2020
Foodcourts by GrabFood is a new feature on Grab Malaysia’s platform. Mix and Match with one delivery fee Shoppers can order food from multiple stalls in a single food court and pay only one delivery fee. This reduces the delivery fee for consumers while supporting local eateries. The service is available in food courts across Klang Valley, Penang, Johor Bahru, Kuching, Kota Kinabalu, Melaka...
30 September 2020
We look how McCormick is benefiting from the shift to more eating at home and some of the challenges its continues to face. New behaviours becoming ingrained As one of the leading global companies in the flavours and condiments categories, McCormick has seen a major shift in consumer behaviour due to the COVID-19 pandemic. Its internal data indicates that consumers are cooking more from scr...