E-commerce: Omnicom acquires Flywheel Digital for US$835 million On October 30th, the U.S. communications group Omnicom (owner of BBDO, OMD and TBWA) announced a takeover of Flywheel,…
CSR [info mind Retail] Christofle relies on CircularX to accelerate second-hand revenue According to our source, the high-end tableware retailer controlled by the Chalhoub family launched a program in early October 2023 to buy back second-hand products from individuals. Pierre Leurquin, Director of Transformation, explained this shift to scale-up via a profitable model.
Bain, GIC: In the face of US-China geopolitical tensions, Vietnam is attracting investors Asia According to Reuters, Singapore’s sovereign wealth fund GIC is in the running to acquire up to a 20% stake in Bach Hoa Xanh supermarkets (sales of US$558 million,…
Uyghur forced labour : Investigations launched in Canada against Walmart and Hugo Boss Asia Following complaints from a group of NGOs, an investigation has been launched into Walmart and Hugo Boss which are two of three companies being accused of sourcing from factories suspected of using forced Uyghur labour.
India: Shein joins forces with Reliance to fight U.S. regulator The WSJ revealed that Shein signed a partnership with India’s Reliance Industries as it faces scrutiny from the U.S.A.…
U.A.E. retailers will be subject to Corporation Tax from June 1st 2023 While G.D.P. growth reached 7.6% in 2022, the United Arab Emirates will introduce a first Corporate Tax from June 1st,…
Convenience: Japan’s 7-Eleven powerhouse eyes Europe sales Since the beginning of 2023, competition has intensified in Europe with the arrival of new grocery operators. The Japanese giant Seven & I Holdings is about to make inroads in various countries including Germany, France, Italy and Spain.
USA: Ikea invests €2 billion over 3 years with omnichannel Boosted by the tax benefits of the Inflation Reduction Act from August 2022, Ikea is investing €2 billion over 3 years to turn the U.S.A. into the largest market by sales. However, on an annual basis, this budget is less than that planned for China this year.
France, Spain and Portugal: split payment is more popular than deferred payment According to Floa and Kantar, if payment facilities are growing with a rise of e-commerce, European countries show notable differences. In Germany, the use of deferred payment has tripled in 2022 but Southern Europeans prefer payment in several installments.
BNPL: Klarna to charge late payment penalties to British users As it already does in the Netherlands and in Belgium, the BNPL specialist Klarna will introduce penalty fees in the U.K.,…