Alibaba considers sale of consumer assets, including Freshippo, RT-Mart - sources
Chinese internet giant Alibaba Group is looking to sell a number of consumer sector assets, including grocery business Freshippo and retailer RT-Mart, three sources with knowledge of the situation said.
Source: reuters.com
SPAR Gran Canaria campaign sells over 10,000kg of locally sourced apples
SPAR Gran Canaria, committed to quality local produce, concluded the Valleseco Reineta apple marketing campaign, which led to the sale of over 10,000kg of locally sourced apples.
Source: spar-international.com
UK: Asda to open 110 convenience stores in February
Asda will open 110 Asda Express convenience stores in February - a record for a single month - to accelerate its growth strategy in convenience and put it firmly on track to reach 1,000 UK stores in total for the first time.
Source: corporate.asda.com
NCGM named Britain's Best Wholesale Market
New Covent Garden Market (NCGM) was named Best Wholesale Market at the Great British Market Awards 2024 in Birmingham. The award is presented by the National Association of British Market Authorities (NABMA) and comes at the start of a year when NCGM will be building up to the golden anniversary of its relocation from Covent Garden to Nine Elms.
Source: newcoventgardenmarket.com
UK: Zuber Issa looks to sell Asda stake amid brother rift rumoursAsda co-owner Zuber Issa is looking to sell his stake in the supermarket to focus on EG Group's petrol station business. Issa has approached buyout specialists and retailers as he looks to offload his 22.5% stake in the grocer, The Telegraph reported.
Source: retailgazette.co.uk
Estonia: January in grocery stores
Estonian grocery store prices grew fast last year, and while the Estonian Institute of Economic Research's survey shows no sharp increases, January figures show that prices are still gradually rising. Prices will also be affected by this year's higher VAT rate. Vegetables show both large increases and smaller decreases. Imported tomatoes and cucumbers rose the most, by 37% and 29% respectively over the year. The price of tuber onions also rose by more than a quarter over the year.
Source: news.err.ee
Australia's Metcash acquires three businesses for $363mln
Reuters reported: "Australian supermarket wholesaler Metcash said it entered deals to acquire three businesses for a total enterprise value of A$558.5 ($363.47mln) for furthering diversification and growth. The deal includes the acquisition of private food services provider Superior Food Group for A$412.3mln. Metcash will also buy construction firm Bianco Construction Supplies and Frame & Truss operator Alpine Truss for A$82.2mln and A$64mln, respectively, it said in a statement".
Source: nasdaq.com
Ahold Delhaize European brands receive Top Employers Institute Certification
Ahold Delhaize reported: "Our local European brands - Alfa Beta, Delhaize Serbia, and Mega Image - have been certified as top employers in their markets by the Top Employers Institute."
Source: aholddelhaize.com
US: Island Pacific Supermarket announces new CEO, Maite Defensor
Island Pacific Supermarket, a leading grocery chain specializing in Filipino and Asian products, announced the appointment of Maite Defensor as its new Chief Executive Officer.
Source: prnewswire.com
How one online grocer is saving customers 20% on food costs: 'All the ... resources that go into growing food and manufacturing food, it's just inefficient'
The Cool Down spoke to Misfits Market's chief operating officer, Corey Farrell, about how the company is tracking toward becoming a "green unicorn" with $1bln in profit.
Source: thecooldown.com
Amazon' pleased with progress' in grocery
Amazon is not giving up on its Fresh grocery format. Even after pausing Amazon Fresh store buildouts, the company is sticking with physical grocery, adjusting its approach and model.
Source: progressivegrocer.com
US: KeHE Distributors® Summer Show to feature emerging consumer trends and announce exclusive new fresh marketplace brand
KeHE Distributors®, a distributor of natural & organic, specialty, and fresh products in North America, will feature top trends, cutting-edge merchandising ideas, deep show-only deals, and in-depth industry perspectives at its upcoming 2024 KeHE® Summer Show. The event will be held in Salt Lake City, Utah, February 7-8, 2024, and virtually on KeHE's proprietary platform, KeHE CONNECT®, from February 1 to 15, 2024.
Source: kehe.com
US: Advantage Solutions sells foodservice businesses
Sales and marketing firm Advantage Solutions, Inc. has spun off its food service businesses, focusing on its retail and brand solutions and future growth. The Irvine, California-based company sold its collection of restaurant and hospitality services to Prospect Hill Growth Partners, LP, for approximately $100mln.
Source: progressivegrocer.com