UK: Sainsbury's in talks to offload £500mln store portfolio to LXi REIT
J Sainsbury, the supermarket chain, is in advanced talks to offload a portfolio of prime retail sites to a London-listed real estate investor for about £500mln. Sky News has learnt that LXi REIT, which has a market value of about £2.5bln, is close to agreeing a deal to acquire the freeholds to nearly 20 Sainsbury's stores, which the grocer then intends to lease back.
Amazon halts construction of new warehouses in Spain until 2024, El Confidencial reports
Amazon.com Inc has suspended the construction of new warehouses in Spain until 2024, Spanish news website El Confidencial said, citing unidentified company sources. El Confidencial said the U.S. e-commerce giant told its providers and partners to "wait and see" as pandemic-driven online shopping has slowed down. Amazon said in an emailed statement to Reuters: "Our commitment to Spain remains". "In 2022, we have opened new logistics stations, Amazon Fresh hubs and a logistics centre (in Spain)", the company said, without elaborating.
French retailer Casino says it has approvals for GreenYellow sale
French retailer Casino has obtained all antitrust and foreign investment approvals for the sale of its GreenYellow energy unit to Farallon Capital, it said.
County Supplies named Foodservice Supplier of the Year at the FPC Awards
County Supplies was named Foodservice Supplier of the Year at the FPC Fresh Awards. The annual awards ceremony for the fruit, vegetable and flower sectors was held at Grosvenor House on Park Lane and run by trade association Fresh Produce Consortium to recognise high-achieving companies and individuals across the fresh produce sectors. Managing director Robert Hurren: “Every day we hand pick from over 2,500 fruits, vegetables, dairy, dry and frozen lines to ensure that our produce looks, smells and tastes great”.
India: Mother Dairy expects 20% revenue growth in FY23 to Rs15,000 cr
Delhi-NCR's leading milk supplier Mother Dairy is expecting 20% growth in turnover this fiscal year to about Rs15,000 crore on better demand for products, its MD Manish Bandlish said. The turnover of Mother Dairy, which also sells edible oils and fruits & vegetables, stood at Rs 12,500 crore in last fiscal year. "We are expecting 20% growth this fiscal year in our turnover to reach around Rs15,000 crore", Mother Dairy Fruits and Vegetables Pvt Ltd MD Manish Bandlish told PTI on the sidelines of IDF-World Dairy Summit at Greater Noida.
UK: Sainsbury’s will open new ‘Sainsfreeze’ pop-up to give away free frozen food
Sainsbury’s will open a new concept store ‘Sainsfreeze’ to give away frozen groceries for free and show customers how to freeze foods to reduce waste. The pop-up, which will be open in London’s Boxpark Shoreditch between 27-28 September, looks like a regular Sainsbury’s from the outside, but once inside customers will be greeted with frozen groceries that they would usually buy fresh. The store will feature shelves stacked with fruit and veg, dairy, meat, fish and baked goods - but everything will be frozen, and it’s all being given away for free.
‘Abundance’: From berries to lettuce, produce prices are coming down in Australia
After months of constrained supply, due to extreme flooding along the east coast, supermarket retailers said that conditions have at last stabilised and could improve further. At Coles, an increased supply of strawberries, corn, capsicums and citrus have flowed through for the start of spring, while tomatoes have also rebounded as weather conditions improved along the east cost.
India: BigBasket B2B arm’s loss narrows 57% to INR177.9 Cr in FY22
BigBasket’s B2B business reported narrowing of its loss by 57.7% year-on-year (YoY) to INR177.9 Cr in the financial year 2021-22 (FY22). As per the regulatory filing of BigBasket’s holding company and B2B arm Supermarket Grocery Supplies Private Limited, its net loss stood at INR421 Cr in FY21.
Agustin Ibero named new CEO of DIA Argentina
Agustin Ibero has replaced Martin Tolcachir as the CEO of DIA in Argentina, following the latter's appointment as global CEO at the Spanish retailer. DIA named Tolcachir as its new global CEO last August, when the group also separated the roles of global CEO and president, in line with its transformation plan. Stephan DuCharme, the previous CEO, recently returned to the role of chairman of the board and will continue to work closely with Tolcachir, the retailer said.
US: Market Basket named as top inflationary-times grocer
Market Basket beat out discount giants Aldi, Dollar General, Walmart and others as the top-ranked grocer for inflationary times in an inflation-focused edition of the dunnhumby Retailer Preference Index (RPI). The dunnhumby RPI Special Inflation Edition 2022 report determined that the grocery bill represents the largest line item in the household budget that consumers can immediately change amid record price inflation.
US: GrubMarket expands further on the West Coast through the acquisition of JC Produce
GrubMarket announced it has completed the acquisition of Vernon, California-based JC Produce, a highly respected fresh produce company that sources the highest quality fruits and vegetables globally, with a focus on South America and Asia. JC Produce sells to hundreds of retail, foodservice, and wholesale customers across the U.S. and has a strong reputation as a leader in food safety practices.
US: DoorDash unveils new partnerships with top grocers and retailers
DoorDash reported: "We're excited to announce several new retail partners on DoorDash spanning multiple categories including grocery, convenience, sporting goods, home goods and more: Sprouts Farmers Market; EG America; Big Lots; DICK's Sporting Goods; Giant Eagle; Weis Markets; The Raley's Companies".
US: Salad Collective acquires Tokyo Joe’s to add third brand to portfolio
The 27-unit Tokyo Joe’s chain has been acquired by Salad Collective, the parent of MAD Greens and Snappy Salads, the companies announced. Terms were not disclosed, but the 26-year-old Tokyo Joe’s, based in Denver, will become part of the Salad Collective portfolio, based in Golden, Colorado, and continue to operate as a third brand within the group.
Walmart Canada to spend $1bln on infrastructure projects, unveils plans for Quebec fulfillment centre
Walmart Canada is spending $1bln on infrastructure projects this year, including a $100mln fulfillment centre near Montreal in Vaudreuil-Dorion, Quebec. The 457,000 sq. ft. facility, slated to open in 2024, is the first of its kind for the retailer in the province and will serve as a delivery hub for customer orders in Quebec and Atlantic Canada. Walmart will also spend $330mln to revamp and refresh more than 80 stores from Port Alberni, British Columbia to Carbonear, Newfoundland and Labrador.