Save A Lot receives US$350m to accelerate business transformation plan

USA – Save A Lot, an American discount grocery store chain headquartered in Missouri, has received US$350 million in new capital to support the company’s operations and acceleration of its transformation plan. The company, which […]

Lidl opens US$100m regional headquarters and distribution center in USA

USA – German grocery and food retailer, Lidl has opened its new state-of-the-art regional headquarters and distribution center in Cecil County, Maryland after investing more than US$100 million in the project. The retailer said that […]

Indonesian agritech firm TaniHub Group raises US$17m to expand operations

INDONESIA – TaniHub Group, one of the leading agritech company’s in Indonesia, has raised US$17 million in a Series A extension round co-led by Openspace Ventures and Intudo Ventures. The round also saw the participation […]

Kenyan retailers offer home deliveries in bid to control spread of the corona virus

KENYA – In the wake of the outbreak of COVID-19 virus, Kenyan retailers have adopted safer and efficient ways of serving their customers by availing home delivery services. Spanish delivery company Glovo has announced partnership […]

Kroger commits US$3m to help combat food insecurity during COVID-19 pandemic

USA – The Kroger Company, America’s largest grocery retailer through its Zero Hunger | Zero Waste Foundation, has announced a US$3 million commitment to rapidly deploy hunger-relief resources to communities disproportionately impacted by the coronavirus […]

METRO to invest US$304m in new automated distribution centre in Quebec

CANADA – Canadian grocery retailer, METRO will be investing CAD420 million (US$304 million) over five years in the construction of a new, automated distribution centre for fresh and frozen products in Terrebonne, Quebec. The investment will […]

Tesco agrees to sell its businesses in Thailand and Malaysia for US$10.6bn

UK – The British multinational grocer, Tesco, has entered into a conditional agreement to sell its business in Thailand and Malaysia to a combination of CP Group entities for an enterprise value of US$10.6 billion […]

Pick n Pay upgrades online shopping platform with scheduled grocery delivery service

SOUTH AFRICA – South African retail chain, Pick n Pay has launched an online scheduled grocery delivery service that enables customers to set up an automatic, weekly or monthly, delivery of items that are purchased […]

Tesco sells stake in Chinese joint venture to its partner for US$375m

CHINA – British retailer, Tesco PLC has sold its 20% stake in Gain Land to a subsidiary of its joint venture partner, China Resources Holdings for £275 million (US$375m). Gain Land is the Chinese joint […]

European retailer Viva Fresh secures US$10.86m to fund expansion

EUROPE – Viva Fresh, Kosovo’s largest retailer has secured €10 million (US$10.86m) in financing from the European Bank for Reconstruction and Development (EBRD) to support its expansion within and beyond the country. Viva Fresh intends […]