Ahmed Galal Ismail appointed Chief Executive Officer of Majid Al Futtaim Holding
Majid Al Futtaim, the leading shopping malls, communities, retail and leisure pioneer across the Middle East, Africa, and Central Asia, announced that Ahmed Galal Ismail has been appointed Chief Executive Officer of Majid Al Futtaim Holding.
Portugal: Jerónimo Martins posts 21.5% growth in group sales in FY 2022
Portuguese retail group Jerónimo Martins has reported 21.5% year-on-year growth in group sales to €25.4bln in its financial year 2022, according to preliminary figures. Strong performance across all banners drove like-for-like sales to 19.6%, the company added. In the fourth quarter, sales increased by 23.0% (up 26.0% at constant exchange rates) to €7.0bln with like-for-like sales of 21.4%.
Just Eat and Sainsbury’s partner up for grocery delivery in the UK
Just Eat, the UK’s leading food delivery app, has launched a new partnership with Sainsbury’s, marking the platform’s second tie-up with one of the UK’s ‘Big Four’ grocery brands. The partnership will launch with more than 175 stores by the end of February in locations including London, Edinburgh and Bristol, with plans to roll out to many more cities across 2023.
OK Zimbabwe – Announcement of strategic acquisition of Food Lovers Market
The Board and Management of OK Zimbabwe Limited formally announce the strategic acquisition of Food Lovers Market Zimbabwe. The Company successfully concluded the acquisition of the assets and business of Talwant Investments (Private) Limited trading as Food Lovers Market in Harare’s Borrowdale and Avondale as well as Bradfield, Bulawayo. The transaction excludes the Greendale store which remains independently owned. The transaction includes the grant of a Territorial License Agreement which endows OK Zimbabwe Limited with territorial exclusivity for the expansion of the Food Lovers Market Brand within the Zimbabwean market.
UK’s M&S plans to open 20 new stores in Britain, the Times reports
British retailer Marks & Spencer (M&S) plans to open 20 new stores creating 3,400 jobs throughout Britain, The Times reported. The 138-year old clothing and food group will open eight “full-line” stores in shopping centres such as the Bullring, Birmingham, and the Trafford Centre, Manchester, as well in as retail parks and high streets, the newspaper said. It also will open 12 food halls, including in Stockport, Barnsley and the North Ayrshire seaside town of Largs, Scotland.
French retailers oppose proposed law on trade negotiations
Several French retail groups including Auchan, Carrefour, Groupe Casino, Cora, E.Leclerc, Intermarché, Lidl, Système U and Netto have warned of the consequences of a new trade negotiation bill proposed by the government. The groups believe that the proposed law would ‘prevent negotiation trade for the benefit of very large manufacturers, and which will dramatically and sustainably fuel inflation’, according to a joint press release.
India: GCL acquires D2C healthy snack brand TBH
Sanjay Ghodawat Group’s FMCG arm Ghodawat Consumer Limited (GCL) has acquired Delhi-based startup To Be Honest (TBH) for an undisclosed amount. With this, TBH’s entire team will join GCL and continue to develop a portfolio of healthy snacking food. The startup will also become a part of GCL’s Impulse division. Founded in 2017 by IIT and IIM graduates Mayank Gupta, Ritika Agrawal and Anuj Ghanghoria, TBH sells vegetable and fruit-based snacks across India.
Belgium: Carrefour tests autonomous delivery robot
Carrefour Belgium is the first in Europe to test delivery by a robot from Delivers.ai. The tests are taking place in the Corporate Village in Zaventem, where some 9,000 people work, and will last until the end of spring.
Metro Italia sets new sales record in 2022
The Italian division of German wholesaler Metro closed its financial year 2021-2022 with ‘record’ sales of €1.8bln, up 35% from 2020-2021, while profit reached €331mln. Highlights include a 27% growth in cash-and-carry sales to €1.4bln; a 78% increase in turnover from food service distribution to €370mln, and 48% sales growth in the private-label category to €494mln.
UK: Spike in food waste app downloads as cost-of-living crisis bites
Food waste app Gander says it has seen a surge in downloads and in-store usage over the past year. The app aims to reduce wastage from the retail sector by advertising the availability of reduced-price food items in local stores. Stacey Williams, head of customer engagement and business development at Gander, said: “Last year, we saw an increase in Gander users as food prices soared.”
India’s DMart Q3: Profit up by 6.6% to ₹589.68 cr, revenue rises by 25%
Avenue Supermarts reported consolidated profit after tax rose by 6.7% to ₹589.68 crore for the quarter ended December 2022. This is against a profit of ₹552.56 in the corresponding quarter last fiscal. Radhakishan Damani-owned Avenue Supermarts, which runs DMart chain, reported revenue from operations were up by 25% to ₹11,569.05 as against ₹9,217.76 in the corresponding quarter in last fiscal.
US: Hannaford aims to keep momentum going in 2023
The final six months of 2022 were busy for Hannaford Supermarkets as the Northeast grocer aimed to enhance the overall shopping experience for its customers. During this time period, the company added a new store in its New York footprint and completed upgrades at eight existing stores.
US: Google Cloud unveils new AI tools for retailers
Ahead of NRF 2023, the retail industry’s largest event, Google Cloud introduced four new and updated AI technologies to help retailers transform their in-store shelf checking processes and enhance their ecommerce sites with more fluid and natural online shopping experiences for customers.
Author: Rogier Peterse
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