USA: Target introduces “sustainable” label Everspring
Target, the US grocery retailer, has announced the launch of a new private label personal and homecare line under the Everspring brand name that is “designed with sustainability in mind”. According to a press release from the retailer, the line is composed of more than 70 household essentials such as laundry detergent, cleaners, dish soap, […]
UK: Sainsbury and Asda call off planned merger
Sainsbury and Asda, the two UK retail giants, have announced they have decided to call off their proposed merger after the move was blocked by the UK’s competition watchdog. The BBC reports that the Competition and Markets Authority was concerned the deal would lead to price rises and longer checkout queues. Asda and Sainsbury announced […]
France: Casino sells stores to Apollo Global Management
Casino, the French supermarket group, has announced that it has signed an agreement with funds managed by affiliates of Apollo Global Management, a private equity firm, to sell it a portfolio of 12 Geant Casino hypermarkets and 20 Monoprix and Casino supermarket properties. The deal for the 32 stores amounts to €470 million ($527 million), […]
USA: Amazon launches private label skincare brand
E-commerce giant Amazon is expanding its burgeoning private label range with the launch of a new dedicated line of skincare products under the name Belei. Claimed to offer solutions for different skin types and to feature ingredients with proven effectiveness, the new 12-strong line of products includes moisturisers, serums, eye cream and spot treatments. They […]
UK: Aldi opens convenience store format
German discount retailer Aldi is expanding into convenience store retailing in the UK with the launch of new small format stores under the banner Aldi Local. Said to be aimed at urban consumers, Aldi Local is described as carrying around 1,500 lines, 300 fewer than a conventional Aldi store. INews reports that the first test […]
Portugal: Jeronimo Martins moots expansion plans
Portuguese retailer Jeronimo Martins is contemplating a further expansion in central or Eastern Europe, according to a Jornal Economico report. In an interview with the newspaper, Jeronimo Martins chief executive Pedro Soares dos Santos said that the company was now established in Poland and was considering expanding to nearby countries, in particular Romania, although this […]
India: 7-Eleven enters market through Future Retail tie-up
7-Eleven, the world’s largest convenience retailer, has revealed it is entering the Indian market for the first time through a master franchise agreement with a subsidiary of Future Retail. The new master franchisee plans to build 7‑Eleven stores as well as convert some of its existing locations to the 7‑Eleven brand, with the first store set […]
UK: Marks & Spencer partners with Ocado for online grocery delivery
Marks & Spencer, the UK department store chain, has announced it has partnered with digital grocery specialist Ocado to create its first major platform for online grocery retail. Under the joint venture, M&S is acquiring a 50% share of Ocado’s UK retail business, which will be supported by Ocado Smart Platform, for a total consideration of […]
Italy: Esselunga introduces private label brand for children
Italian retail store chain Esselunga has launched a new line of products under the CheJoy brand name, which are targeted at children from the age of four. Created in partnership with Walt Disney, the products feature Disney characters such as Mickey Mouse, Minnie Mouse and Donald Duck, as well as characters from the Frozen, Star […]
France: Casino divests stores
Casino, the French supermarket group, has announced plans to sell of a total of 32 hypermarkets and supermarkets in France as part of a plan to dispose of non-strategic assets. The retailer said it had signed agreements to sell six hypermarkets located outside the Paris region in the towns of Castelnaudary, Saint Gregoire, Dole, Cholet, Anglet and […]