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Most popular destination for online retailers looking to expand: The Netherlands UK: Tesco urged by investors to sell more healthy food A group of investors is trying to pressure Tesco, the UK s largest supermarket, into selling healthier food and drink amid a growing obesity problem. Investors led by pressure group ShareAction will ask shareholders to vote for their plan. Tesco is due to hold its annual meeting in the summer. The company insists that it already has a plan to make healthy and sustainable food available. ShareAction praised recent Tesco initiatives, which showed that price cuts on fruit and vegetables raised sales, and that removing chocolate from prominent promotion spaces cut consumption. ....
Aldi plans to open 100 new stores Mexican online grocer Jüsto raises $65mln in General Atlantic-led Series A Jüsto, an online supermarket based in Mexico City, announced it has raised $65mln in a Series A round led by General Atlantic. The amount is sizable for a Series A in general, but supersized for a LatAm startup. In fact, according to PitchBook data cited by General Atlantic, the round represents the largest Series A raised in Latin America in the past decade. US: Giant Co. continues investment in Philadelphia As The Giant Co. prepares to begin construction on its newest store in Philadelphia, the Carlisle, Pennsylvania-based retailer expresses its continued investment into the city. “With its diverse neighborhoods, people and undeniable passion for food, there’s no place quite like Philadelphia, and that’s exactly why The Giant Co. continues to invest in new stores across the city”, said President Nicholas Bertram in a release. ....