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Subject:
FOOD BUSINESS NEWS
Period: October 8, 2017 to October 15, 2017
Geographies:
Worldwide
Categories:
Comment & Opinion or Companies, Organizations or Consumers or Controversies & Disputes or Deals, M&A, JVs, Licensing or Earnings Release or Finance, Economics, Tax or Innovation & New Ideas or Legal, Legislation, Regulation, Policy or Market News or Marketing & Advertising or Other or People & Personalities or Press Release or Products & Brands or Research, Studies, Advice or Supply Chain or Trends
Contents
 

Aldi Plans To Build ₤75-Million Warehouse In UK

German discount retailer Aldi plans to invest ₤75 million to build a distribution center in Bedford, England, to support the company's growing network in the UK. Aldi said it remains committed to expansion plans in the UK retail market despite reporting its third year of declining profit. By 2022, the retailer expects to have 1,000 stores in the country from its current 726 locations.

"German retailer Aldi to build 75 million pound UK distribution centre", Reuters, October 09, 2017

Lidl Sees Share Of Shopper Traffic Drop In US

Months after opening its stores in the US in June 2017, German discount retailer Lidl saw its share of store visits declined, according to an analysis by location-based data firm inMarket. Local rivals, including Kroger Co. and Wal-Mart, have recovered much of market share they lost when Lidl after Lidl opened its first nine US stores in June 15. Lidl grabbed 11 percent of customer visits to traditional grocers in nine markets in Virginia, North Carolina, and South Carolina, inMarket data revealed. Lidl's share of traffic fell below 8 percent in August, inMarket revealed.

"Lidl Stores Gain Little Traction So Far in U.S.", The Wall Street journal, October 08, 2017

 
Comment & Opinion  

Amazon Angers India’s Big Retailers With Unapproved Gift Coupon Scheme

Big retail chains in India are crying foul over what they feel was a sneaky tactic by Amazon to steal their customers using gift coupons distributed via ITC, Nestlé, and Coca-Cola products. The tactic – dubbed “below the belt” and “ambush marketing” – infuriated Big Bazaar, Hyper-City, Star Bazaar, Walmart-owned Best Price Modern Wholesale, and others. The brands involved in the Amazon campaign include ITC’s Yippee Noodles, Nestlé’s KitKat chocolate, and Coca-Cola’s Sprite and Fanta soft drinks. The stores have since removed products carrying the coupons. A D-Mart executive criticized the brands for not talking to his company first. Amazon downplayed the ruckus, calling the campaign a normal promotional activity.

"Big Retailers like ITC, Nestle & Coca-Cola Cry Foul over Amazon’s ‘Ambush’", The Economic Times, October 09, 2017

Companies, Organizations  

ThaiBev Buys Chain Of Ten Restaurants

Food and beverage company ThaiBev has purchased a majority interest in Thailand restaurant chain Spice of Asia for $3.5 million. The chain operates 10 restaurants under four brands that serve Thai food and hotpot cuisines. ThaiBev will use its own cash to buy the 76 percent stake, which will be held by a wholly-owned ThaiBev business unit.

"ThaiBev Acquires Thailand Restaurant Chain for 114.5m Baht", Business Times, October 03, 2017

Marketing & Advertising  

Negative Short-term Factors Depress ThaBev’s Nine-Month Financials

A number of trends and events have combined to depress both alcoholic and nonalcoholic product sales of Thailand-based food and beverage company ThaiBev. Nine-month sales slid six percent to $4.3 billion, thanks to sluggish economic growth; a year-long mourning period that depressed beer sales after the death of King Bhumibol last October; a new alcohol excise tax; and a sugar tax on sweetened drinks. Company execs are optimistic about the coming year because of strong fundamentals and growth from neighboring countries. The company hopes to further growth by expansion into the food business.

"ThaiBev Looks to Food and Abroad for Growth after Sales Dip", Reuters, October 11, 2017

Lidl Stores Gain Little Traction So Far in U.S.

The Wall Street journal, October 08, 2017

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