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PE Firm Navis Mulling Sale of Malaysian Supermarket Owner

PE Firm Navis Mulling Sale of Malaysian Supermarket Owner
Bloomberg
2/22/2021
Elffie Chew and Yantoultra Ngui
© Bloomberg
A shopping cart filled with paper towels, instant noodles and other products stands at a supermarket in Shah Alam, Selangor, Malaysia, on Tuesday, March 17, 2020. Malaysia is restricting people s movement nationwide to limit the spread of the coronavirus. The country is banning all visitors, and residents are barred from traveling overseas while places of worship, schools and business premises will be shut except for markets that supply daily needs, Prime Minister Muhyiddin Yassin said in a televised address late Monday.
(Bloomberg) Asian buyout firm Navis Capital Partners is exploring a sale of premium supermarket chains in Malaysia, which could be worth about 1 billion ringgit ($248 million) according to people with knowledge of the matter. ....

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Aldi Nord and Aldi Süd are to merge their e-commerce activities in Germany

Aldi Nord and Aldi Süd are to merge their e-commerce activities in Germany
Majid Al Futtaim taps IBM blockchain for food traceability at Carrefour stores
Carrefour will use blockchain to enable food traceability across the supply chain. Majid Al Futtaim, which holds the Carrefour franchise for the Middle East, Asia and Africa, will leverage IBM Food Trust, a blockchain-enabled platform for the food industry run on IBM Cloud. The initiative will start with two initial products categories, Carrefour’s fresh chicken brand and microgreens harvested from select in-store hydroponic farms, before expanding into more product lines.
UK: John Lewis considering fresh store closures in response to Covid ....

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Giant urban flagship store in Philadelphia

Giant urban flagship store in Philadelphia
Walmart s Mexico unit boosts logistics spending in $1bln capex plan
Walmart’s Mexico unit will ramp up logistics spending this year as a part of a 22.2bln peso ($1.09bln) plan aimed at further boosting online sales, which soared in 2020, the retailer said. Walmart de Mexico said it will put a quarter of its capex into logistics, compared to just 14% devoted to the segment in 2020, and invest even more heavily in the area over the next 5 years while pulling back on spending for brick-and-mortar supermarkets. The move mirrors its parent company’s investments in online sales. ....

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Navis Capital explores sale of Malaysian supermarket chain The Food Purveyor

Navis Capital explores sale of Malaysian supermarket chain The Food Purveyor
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