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Did You Know?... 03 November, 2020

By Maev Martin
Did You Know?... 03 November, 2020

Did you know?... Ocado, the British online supermarket and technology group, has announced the takeover of two robotics firms, to 'enhance its robotic manipulation capabilities'. The group said it was buying Kindred Systems Inc for $262 million and Haddington Dynamics Inc for $25 million, reports Reuters. "We consider the opportunities for robotic manipulation solutions to be significant, both for Ocado Smart Platform clients and across the fast-growing online retail and logistics sectors," commented Tim Steiner, Ocado chief executive.

Did you know?... Portuguese retailer Pingo Doce is launching a new range of private label products dedicated to the 'Mediterranean Diet' under the Juliana brand, reports The brand is a tribute to 'what is considered one of the healthiest food standards in the world' and celebrates 'the traditions, knowledge and flavours of the Mediterranean Diet,' Pingo Doce said. Classified as a World and Intangible Heritage of Humanity by UNESCO, the Mediterranean Diet is more than a food standard, and represents a lifestyle that promotes conviviality around the table.

Did you know?... Finnish retailer Kesko has reported net sales of €2.65 billion, up 4.6% year-on-year in comparable terms, in the third quarter of its financial year. The company’s comparable operating profit increased by €38.2 million to €181.8 million when accounting for the change in the consolidation method of Kesko Senukai Group, reports Kesko reported Kesko Senukai Group as a joint venture as of 1 July 2020. Until 30 June 2020, it was reported as a subsidiary of the company. It is a part of Kesko’s building and technical trade segment and operates in the Baltic countries and Belarus.

Did you know?...  China has rejected Australia's appeal to scrap a tariff on its barley exports, two sources familiar with the matter told Reuters, all but closing the door on a trade worth about A$1.5 billion (€900 million) in 2018. The rejection comes after Australia sought a formal review over duties totalling 80.5% that China imposed this year, citing as grounds subsidies and dumping, activities that Australia has denied. "We were informed last week that the application was unsuccessful," said one Australian government source, who sought anonymity as he is not authorised to speak to the media. "We are extremely disappointed, but not surprised."

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