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Retail Intelligence

Weekly Round-Up... 13 August, 2019

IDA Ireland welcomed the announcement of Amazon’s decision to locate a second wind farm in Ireland, to be located in Cork. Once operational, the new Amazon Wind Farm will provide 23.2 megawatts of renewable capacity, with an expected generation of 68,000-megawatt-hours of clean energy annually. The first wind farm project was announced by Amazon for Meenbog in Donegal in March of this year.

Takeaway.com and Just Eat have finalised a deal to create a global food delivery company that can rival Uber Eats as the largest outside China. The group, to be called Just Eat Takeaway.com, will be a market leader in Ireland, Britain, Germany, the Netherlands and Canada. The firms said they had backed the deal as outlined on July 29. Just Eat investors will receive 0.09744 new Takeaway.com shares for each of their shares.

Coca-Cola, the Official Soft Drink Partner of the Premier League, has unveiled a new version of its ‘Where Everyone Plays’ TVC to welcome the three promoted clubs – Aston Villa, Norwich City and Sheffield United – to the Premier League. The updated advert, directed by Stacey Wall, features fans of each of the newly promoted clubs and includes some very special guest appearances, celebrating iconic moments for each of the clubs.

Struggling British department store group Debenhams on Thursday named turnaround specialist Stefaan Vansteenkiste as its new chief executive, promoting him from the chief restructuring officer role he took on in April. The group went into administration in April, wiping out equity investors, and is now owned by lenders consortium Celine UK NewCo 1 Ltd. Vansteenkiste is managing director of professional services firm Alvarez & Marsal, Debenhams said.

Fonterra has announced its intention to sell a portion of its stake in Chinese company Beingmate Baby and Child Food Company Ltd. The announcement was made this week, on Wednesday, 7 August. The company, which is one of the world’s largest dairy co-ops, is currently a shareholding of 18.8% of the business.

© 2019 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click sign-up to subscribe to Checkout.

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