Choppies exits South Africa with sale of stores to King Investments

SOUTH AFRICA – Choppies Group has offloaded its South Africa stores and distribution centres to King Investments following the launch of open bids for its 88 stores in October to settle its outstanding debt. In […]

British online grocer Ocado launches US$642m bond issue to fund robotic warehouse deals

UK – Ocado, a dedicated online grocery retailer has launched a £500 million (US$642 million) convertible bond offering, partly to fund the construction of robotic warehouses for its overseas partners. While Ocado’s retail business has […]

Japanese retailer Aeon partners with Ocado to expand its online grocery business

JAPAN – Japan’s leading supermarket operator, Aeon has entered into an exclusive partnership agreement with Ocado Solutions, a division of London-based online grocer Ocado Group to expand its e-commerce. Aeon will leverage on Ocado’s nearly […]

Canopy Growth launches range of cannabis infused products in Canada

CANADA – After months of preparation and expansion, Canopy Growth Corporation is now gearing up to supply the Canadian market with a variety of innovative cannabis products. Canopy Growth,  a leading diversified cannabis company has […]

Indian foodtech unicorn Zomato appoints Akriti Chopra as new CFO

INDIA – Zomato, an Indian online food delivery platform, has named Akriti Chopra as the company’s new chief financial officer (CFO). Chopra’s appointment follows the resignation of the Sameer Maheshwary in December last year, having […]

South African retailer Checkers launches online grocery delivery platform

SOUTH AFRICA – Checkers, a consumer goods retailer owned by Shoprite, has launched its on-demand one-hour grocery delivery service app, Sixty60, after months of testing. Billed as SA’s first 60-minute grocery delivery service from a […]

Kauai extends its healthy food brand into retail partnering with Pick n Pay

SOUTH AFRICA – Kauai, a health food restaurant, has extended its brand into retail with the launch of range of healthy frozen ready-to-eat meals, sides and smoothies in partnership with Pick n Pay. The Pick […]

Competition Commission of SA orders retail chains to cease enforcing exclusivity clauses in mall leasing

SOUTH AFRICA – The Competition Commission of South Africa has recommended South African shopping centres to cease their exclusive leases with the country’s biggest supermarket chains. The move is in accordance to findings of a […]

Shoprite’s Computicket faces a possible US$9.75bn fine for alleged breach of competition laws

SOUTH AFRICA – Shoprite holdings and its subsidiary Computicket, involved in providing outsourced ticket distribution services to inventory providers in the entertainment industry and sports events are facing joint charges by the Competition commission. The […]

Chinese fruit supply company Hongjiu Fruit raises US$71m in funding

CHINA – Hongjiu Fruit, which operates across the fruit supply chain in Asia, has secured US$71 million (500 million yuan) in funding as part of its Series C round led by the CMC Capital Partners.  […]