Ocado is aiming to raise £575mln from investors

Amazon will launch in Belgium by September

Penny Market rebrands as 'Penny.' in Italy
Penny Market Italia has rebranded as 'Penny.' and has introduced a new logo and company image. The first store featuring the new branding has opened in the city of Saronno near Varese, taking the total number of stores in the Lombardy region to 94.
Source: esmmagazine.com 

UK grocery bills set to rise by £380 per year, says Kantar
The average household grocery bill is expected to rise by £380 (€443) this year in the UK, as inflation takes its toll, according to Kantar. This is £100 more than the expected average increase Kantar reported in April, "showing just how sharp price increases have been recently and the impact inflation is having on the sector", according to Fraser McKevitt, head of retail and consumer insight at Kantar.
Source: esmmagazine.com 

Amazon to launch in Belgium
Ecommerce giant Amazon is launching in Belgium, with Amazon Belgium. The marketplace is said to launch in September. Earlier this year, the company announced plans of opening a logistics center in the country. Leaked documents show that Amazon has plans to expand into 5 new countries all over the world. One of those plans is the launch of Amazon Belgium. According to the documents, the online marketplace will launch by September.
Source: ecommercenews.eu 

UAE: Farm-to-table freshness delivered fast
Farmbox, an award-winning farm-to-table e-commerce platform and a subsidiary of Yas Holding’s Food and Agriculture Division, Elite Agro Holding, has announced updates to its e-commerce platform and mobile application, aimed at further improving customer experience. In addition to the existing next-day delivery option, Farmbox customers can now schedule a delivery slot that fits with their daily or weekly routines, helping reduce food waste, whilst ensuring reliability, consistency, and convenient access to ultra-fresh, local, and authentic farm-to-table fruit, vegetables, and premium meats, along with a wide range of highly-curated, local and international ready-to-eat and pantry items. The new Farmbox.ae website and mobile application boast new user-friendly features.
Source: zawya.com 

Indian market regulator fines Reliance for not properly disclosing Facebook deal
India’s market regulator fined Reliance and two of its officers for not properly disclosing Facebook’s $5.7bln investment into Jio Platforms in April 2020. The Securities and Exchange Board of India said that media had reported about the then-impending deal in March itself, which prompted the shares of the group company to rise.
Source: techcrunch.com 

UK: Ocado aims to raise £575mln from investors to fund tech arm expansion
Ocado is aiming to raise £575mln from investors to fund the expansion of its technology arm, which enables overseas retailers to sell groceries online. It has also agreed a new £300mln credit facility with a syndicate of international banks. Ocado said it wanted the cash to “invest in innovation at a faster pace” and help its clients, which include the US supermarket chain Kroger and the French grocer Casino, to accelerate the shift to online shopping.
Source: theguardian.com 

Britain's M&S names Alex Freudmann as new food boss
British retailer Marks & Spencer named Alex Freudmann as its new food boss, succeeding Stuart Machin, who was promoted to group chief executive last month. Freudmann, who is currently managing director of Australian beer, wine and spirits retailer Dan Murphy's, will join M&S as MD of food on November 1 and will sit on its executive committee.
Source: reuters.com 

Amazon Retail India enters Gujarat to source directly from farmers
In an endeavor to empower the farmers of Gujarat and offer high-quality fruits and vegetables to its customers, Amazon Retail India has launched its first collection center in Gujarat at Prantij. This collection center will assure farmers of fast payments, fair and transparent pricing, and guidance on farming. Additionally, this facility will be a channel to provide a source of various local and authentic varieties of fruits and vegetables to the customers such as guava, sapota, pomegranate, cabbage, cauliflower, tomato, potatoes and bhindi. The collection center located at Majra Chokdi, was inaugurated in the presence of Shri Dinesh Patel, Deputy Director Horticulture, Govt of Gujarat and Shri Baka Bhai Patel, Sarpanch Tajpur village and 150+ farmers.
Source: technosports.co.in 

US: Joe Parisi named President, COO of Gristedes & D’Agostino Supermarkets
John Catsimatidis, chairman and CEO of Red Apple Group, and subsidiary Gristedes & D’Agostino Supermarkets, announced in a statement that Joe Parisi has been appointed president and COO of Gristedes & D’Agostino’s. In his new role, Parisi will oversee the 30-location New York City supermarket chain, bringing with him four decades of experience in the food and grocery industry, Red Apple Group said.
Source: winsightgrocerybusiness.com 

Canada: Loblaw to eliminate single-use plastic shopping bags from stores by early 2023
The Canadian Press reported: "Loblaw Companies Ltd. says it plans to eliminate all single-use plastic shopping bags from its stores by the end of the first quarter of 2023. The parent company of Loblaws and Shoppers Drug Mart says the move will apply to its corporate and franchise grocery stores, pharmacies and PC Express service."
Source: canadiangrocer.com 

Walmart uses innovative onboard technology to go the extra mile for drivers
Walmart reported: "In collaboration with Platform Science, a telematics infrastructure and transportation technology leader, every Walmart Private Fleet cab is now equipped with an intuitive, interactive tablet device that fully integrates with NTransit, a driver workflow application developed by Walmart’s product and technology teams. This customized onboard computer system provides private fleet drivers with a world-class technology experience, the business with real-time visibility and our customers with what they want, where and when they want it".
Source: corporate.walmart.com 


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