Zipline forges partnership with Jumia to pioneer drone delivery across homes in Africa

Key Signals in Retail and Consumer Goods

Centre setup and Expansion
Nordstrom Rack to open a new location in Delray Beach, FL 
The 26,000-square-foot store with exterior architecturally creative design will be located in Delray Place, an upscale shopping center in the coastal southeast Florida marketplace. The store is scheduled to open in spring 2023. Read More>>
Musgrave inks food products deal in Singapore 
The company has concluded a deal to supply hundreds of products from its SuperValu brand range to RedMart in Singapore, a local grocery firm. The trade mission, led by agriculture minister Charlie McConalogue, saw Ireland gain access to the Singapore market for all meats. Read More>>
Mergers and Acquisitions
Walmart offers USD 377.6 Mn to buy out South African Massmart 
Massmart, which sells many discretionary items such as apparel, home supplies, and seasonal goods, has faced several challenges in recent years, such as the COVID-19 crisis, civil unrest, and inflation, forcing Walmart to dole out financial relief and convert loans into equity. Read More>>
DXP Enterprises, Inc. acquires Sullivan Environmental Technologies, Inc.  
Sullivan will provide DXP with exceptional sales expertise that will enhance its collaboration efforts and serve its customers in a better way. This is the 4th acquisition in 2022 for DXP Enterprises and the 11th since Q4 2020, as DXP continues to expand its offering within the water and wastewater markets. Read More>>
Zipline and e-commerce platform Jumia begin retail drone delivery in Africa 
Jumia and Zipline said their looming e-commerce drone delivery operation has already been tested in Ghana, where the partners operated a pilot program over the past month. The collaboration is said to increase access to goods for customers and help small and medium-sized businesses grow. Read More>>
Sustainable Beef signs partnership with Walmart for North Platte meatpacking plant 
The company has inked a deal with Walmart to supply the national retailer with most of the beef it will process at its planned meatpacking plant in North Platte. Walmart will hold a minority interest in Sustainable Beef, with local investors and the project founding ranchers holding the majority. Read More>>
Global retail giant Miniso partners with Jomo 
MINISO, a global lifestyle brand, has announced teaming up with JOMO, Pakistan’s e-commerce destination. The partnership gives the online distribution rights for MINISO’s lifestyle and fashion products, including its very popular licensed Marvel toys and accessories, stated a press release by JOMO. Read More>>
Executive Movement
Home Hardware appoints Marianne Thompsonas the new Chief Commercial Officer 
In this role, Thompson will be responsible for Home Hardware’s overall commercial strategy, focusing on driving business growth and expanding market share. As a chief commercial officer, Thompson will continue to oversee merchandising in addition to marketing, supply chain and retail operations. Read More>>
Belk names Don Hendricks as Chief Executive Officer 
Hendricks joined Belk in 2016 as COO, later assuming responsibilities for Stores in 2019. As president and COO, Hendricks spearheaded the company’s initiatives to enhance its omnichannel capabilities and was instrumental in leading the company through the COVID-19 pandemic. Read More>>

Latest Industry Insights from Draup Braindesk

Advanced Purchasing Services
  • Ahold Delhaize focuses on developing its customers’ advanced purchasing power services and implementing price reductions in stores and online grocery services to enhance the purchased basic products. 
  • Ahold Delhaize is keen to develop an analytics strategy and branding for the program by leveraging an E-grocer platform to achieve customer infrastructure and improve offers and special values on relevant products.
Automated Storage Services
  • Ahold Delhaize aims to develop automated frozen warehouses to enhance automation and technology advancements, such as an integrated transportation management system and end-to-end forecasting and replenishment technology designed to support the omnichannel experience and multi-channel growth. 
  • Ahold Delhaize focuses on providing automated retail stores and annualized online grocery orders to ensure the transformation of the infrastructure and support the next generation of grocery retail services.

Key Funding Alert

Selfridges’ new owner raises USD 760 Mn in fresh equity 
The new owner of British clothing retailer Selfridges has raised €750 Mn (USD 760 Mn) in fresh equity. The investment will help support the retailer’s plans of backing European luxury retail estate. Read More>>

Startup Spotlight

Company – Friendshop
Total Funding – USD 8.42 Mn
About: Friendshop is a retail company that offers cosmetics and beauty products. It specializes in the fields of E-commerce, product design, and retail. Read More>>

Latest Reports Published in Draup

Heineken N.V. Account Intelligence Report: Heineken’s business initiatives include investing in sports-related activities for the World Champions League and leveraging corporate development through advertising. It further focuses on implementing metaverse technology to enhance a virtual experience for its customers. Read More>>
Nestle S.A. Account Intelligence Report:
Nestle is keen on establishing research farms to test new solutions to achieve diary goals from agricultural sciences, nutrition, food safety, and analytics across reference farms worldwide. It develops new nutritional solutions for diabetes, cardiovascular & medical conditions and provides consumers with an online brand experience & digital capability. Read More>>
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