BigBasket has begun the process for a new round of funding

Reliance Retail is close to acquiring Bismi

UK: Morrisons helps customers by cutting prices on popular products
Morrisons is reducing the prices on 150 of its most popular products to help make customers’ money go further. The lower prices cover nearly 6% of Morrisons total volume sales and offer customers an average saving of 14%. Cupboard staples and frequently purchased items used to make fresh, nutritious meals for less are included in the deals such as: chicken breasts, mince, bread, baked beans, chopped tomatoes, potatoes and a variety of fruit and vegetables.

Lidl to target smaller towns under plans for 25 new stores in Northern Ireland
German supermarket chain Lidl is targeting 25 new locations in Northern Ireland as part of its long-term goal of reaching 66 stores here. The retailer, which has opened 41 stores in the north since 1999, is altering its location strategy, which will eventually see it open in towns with smaller populations. Lidl’s location expansion will be run alongside its ongoing store replacement programme, which has already seen 18 of its northern stores modernised.

LXi REIT scraps deal to buy Sainsbury's stores
Property investor LXi REIT said it is pulling out from a deal to buy Sainsbury's stores in southern England after suspending an equity funding, citing stock market volatility.

Delhaize Belgium launches new vegetarian range
Delhaize Belgium has expanded its plant-based range with the launch of a new line of vegetarian products. The most recent launch includes a partnership with Belgian brand 'La Fille du Boucher', that offers vegetarian ready-to-eat meals with a Nutri-Score rating of A or B.

India: Reliance Retail set to acquire Kerala's Bismi
Reliance Retail is close to acquiring Kerala's leading electronics and grocery retail chain Bismi which runs 30 large format stores in the state with a mix of electronic and hypermarket formats. Reliance is in advanced stages of due diligence and the deal is likely to be concluded before Diwali, two senior industry executives who are part of the negotiations said.

The Food Warehouse to open in West Belfast creating 40 jobs
Leading food retailer The Food Warehouse, which is part of the Iceland Foods Group, has announced the creation of up to 40 new jobs in West Belfast as part of a wider £1.4mln investment. Situated in Westwood Retail Park, this will be the brand’s second supermarket store offering in Northern Ireland.

India: BigBasket looks to raise $200mln at up to $3.5bln valuation
Online grocer BigBasket has begun the process for a new round of funding that is likely to value the Tata Digital-owned firm at around $3-3.5bln, said three people briefed on the matter. BigBasket's latest financing is likely to come from Tata Digital and existing shareholders. While the size of the round hasn’t been finalised, it’s likely to be in the range of $200mln or more, the people said.

Thailand: Central Retail’s membership store Tops CLUB opens door
Central Retail announced the launch of its membership store Tops CLUB, which will offer imported products from exclusive brands worldwide. The store, spanning 15,000 square metres, is located behind Central Rama II. “We are introducing a mega project called Tops CLUB for the first time in Southeast Asia. We’ve spent two whole years developing this never-before-seen store concept”, said Stephane Coum, CEO-Food Group, Central Retail.

US: BJ’s Wholesale Club announces opening date for its first Indiana location
BJ's Wholesale Club, a leading operator of membership warehouse clubs in the Eastern United States, announced that its newest club in Noblesville, Indiana will open on Friday, September 30, 2022. The opening will bring the retailer’s total number of U.S. locations to 231 and the first club location for BJ’s in Indiana. The new club is located at 13210 Tegler Drive, Noblesville, IN 46060. As members can expect from all BJ’s clubs, this location will feature a vast selection of fresh foods, produce, a full-service deli, household essentials, pet supplies, and various exclusive offerings.

US: Schnucks to acquire Missouri grocer Fricks Market
Schnuck Markets plans to buy independent grocer Fricks Market and transition one of its two Missouri stores to the recently launched Schnucks Fresh format. Financial terms of the deal weren’t disclosed. St. Louis-based Schnucks said that it announced its intent to acquire Fricks Market’s two stores, owned by Jennifer and Darren Newbanks, at 401 Central Avenue in Union and at 45 North Clark Street in Sullivan, Missouri.

US: Food Lion expands click-and-collect in two states
With more shoppers opting to save time by ordering groceries online, Food Lion is excited to announce the expansion of its Food Lion To Go grocery pick up service to 24 more stores in North Carolina and Kentucky, beginning September 26. Food Lion is offering shoppers their first pickup for free.

Instacart cuts staff, curbs hiring before IPO, The Information reports
Grocery delivery app Instacart Inc has been letting go staff, slowing hiring and curbing other expenses as it heads toward a public listing, The Information reported, citing people familiar with the matter.

Canada: Longo's opens Toronto's first virtual food hall inside grocery store
Kitchen Hub, Canada's first virtual food hall, opened its fourth location inside Longo's Liberty Village, kicking off the start of a longer-term partnership with the Toronto-based grocery chain. This opening marked the first ghost kitchen concept to open inside a grocery store in the city - and the first of its kind in Canada. Future location opportunities are being explored.

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