food retail

Russian retail sector consolidates and goes online

Russian retail sector consolidates and goes online

Published on Aug 18th, 2020

The turnover of the Russian food retail industry grew by 1.4% in 2019 to reach US$223.9 billion. The sector continues to consolidate, with the share of the top ten fast-moving consumer goods (FMCG) chains in the retail food market increasing to 32.9%, led by X5 Retail Group and M&A transactions. Torgservice, which owns two popular hard discounters (Svetofor and Mayak) increased revenues by 26% and moved up to 9th place. In light of the slim profit margins, most industry observers predict continued consolidation in the retail sector.

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Sainsbury's commits to £1 billion to become Net Zero by 2040

Sainsbury's commits to £1 billion to become Net Zero by 2040

Published on Feb 12th, 2020

UK retailer Sainsbury’s has issued a pledge that its operations will become Net Zero in line with the goal to limit global warming to 1.5°C, the highest ambition of the Paris Agreement, and a decade ahead of the UK Government’s own target. The project will focus on reducing carbon emissions, food waste, plastic packaging, water usage and increasing recycling, biodiversity and healthy and sustainable eating    Sainsbury’s will work collaboratively with suppliers and will ask suppliers for their own carbon reduction commitments. 

Departure of Sainsbury’s CEO “not due” to Asda deal collapse

Departure of Sainsbury’s CEO “not due” to Asda deal collapse

Published on Feb 11th, 2020
Credit: Peter Nicholls, Reuters, The Times

 

Sainsbury’s CEO, Mike Coupe, has announced his resignation but will remain in his post until the end of May. His replacement will be current retail and operations director, Simon Roberts. Coupe has denied that his resignation is linked with the collapse of the £12 billion merger with Asda, emphasising that it was his own decision to leave. 

Benlai reaches 36 million loyal members in China

Benlai reaches 36 million loyal members in China

Published on Feb 11th, 2020
Credit: Benlai

 

Since it became profitable in 2018, China’s third specialist food E-platform has increased direct investments in production and new hybrid business model ‘Fresh Plus Store’.

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Major merger of Vietnamese retailers

Major merger of Vietnamese retailers

Published on Dec 19th, 2019

Vingroup has announced that its retail and agriculture divisions (VinCommerce and VinEco) are to merge with Masan Consumer Holdings to establish Vietnam’s largest retail group. The new company will have a network of 2,600 VinMart and VinMart+ stores in 50 provinces, as well as VinEco’s 14 high-tech farms. Masan’s chairperson, Truong Cong Thang, said, “Vingroup has completed its mission to create the pioneer and most effective clean agriculture and retail system in Vietnam.

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