USA: Walmart to start testing on-demand drone delivery
US retail giant Walmart has announced that it has begun testing the delivery of grocery and household products from its stores using automated drones. Launched in Fayetteville, North Carolina, this test is being carried out in partnership with Flytrex, an end-to-end drone delivery company. The drones are controlled over the cloud using a smart and […]
Spain: Carrefour to acquire 172 stores from Supersol
Global retail giant Carrefour has announced the acquisition of 172 convenience stores and supermarkets from the Spanish retail chain Supersol. The French retailer operates 1,179 stores across Spain, recording net sales of €8.8 billion ($10.5 billion) in 2019 while the total net revenue of Supersol was €450 million ($537 million) last year. The stores involved […]
UK: Bestway Wholesale to sell 37 stores
Independent UK food and drink wholesaler Bestway has announced the sale of 37 outlets across the country, in line with its strategy of reducing its overall store footprint, according to a Kam City report. Dawood Pervez, managing director of Bestway Wholesale, said: “We remain committed to corporate stores and would still be operating c.140 stores […]
USA: 7-Eleven to acquire convenience store chain Speedway for $21 billion
US retailer 7-Eleven has announced the acquisition of 3,900 Speedway stores from Marathon Petroleum Corp for $21 billion. Located in 35 states across the US, Speedway is one of the biggest convenience and petrol station retailers in the country, with approximately 40,000 employees. With the acquisition, 7-Eleven will increase its store network to 14,000 across […]
Switzerland: Migros to partner InnovoPro to create chickpea protein yoghurt
Swiss retailer Migros has announced the launch of a new dairy-free yoghurt range made with chickpea protein from InnovoPro. InnovoPro is a food tech company based in Israel, which creates chickpea protein concentrates claiming to be the first company in the world to launch a 70% chickpea protein concentrate (CP Pro 70) being suitable for […]
UK: Asda to launch 100% recyclable crisp tube
UK retailer Asda has announced the launch of a 100% recyclable crisp tube, moving its entire Snax brand range into cardboard packaging. With this new packaging, the company will be able to cut 98.2 tonnes of non-recyclable materials, the equivalent of 2.34 million crisp tubes. The retailer has the commitment to reduce own-brand plastic packaging […]
Poland: Tesco to sell Polish operations for £181 million
British retailer Tesco has announced the sale of its business in Poland to Danish retailer Salling Group, for PLN 900 million (£181 million). This sale follows Tesco’s strategy of withdrawal some of its global positions, similar to the sale of its business in Thailand and Malaysia in March, to focus on its strongest markets. According […]
USA: Lidl to open new headquarters and Distribution Centre in Maryland
German discount retailer Lidl, has announced the opening of the new regional headquarters and distribution centre in Cecil, Maryland with a cost of $100 million. With 700,000 square-foot, the facility will create 200 new full-time jobs and it will supply Lidl stores in 5 states. CEO of Lidl US, Johannes Fieber said, “The facility will […]
Australia: Coles to acquire ready meals producer Jewel Fine Foods
Coles, the leading Australian retailer, has announced the acquisition of Jewel Fine Foods, following approval from the Australian Competition and Consumer Commission (ACCC). Based in New South Wales, Australia, Jewel Fine Foods started in 1997 as a restaurant. Today, it is one of the largest manufacturers of chilled meals in Australia, supplying private and branded […]
France: Casino Group to sell Leader Price assets to Aldi
French-based retailer Casino Group has announced the agreement to sell 567 Leader Price stores and 3 warehouses to Aldi in France for an enterprise value of €735 million ($787 million). The sale is said to be in line with Casino Group’s strategy to reduce debt and improve its financial situation, reportedly amid fierce competition between […]