Weekly Roundup... 1 September 2021
Italian drinks group Campari sees plenty of room for growth from its best-selling beverage Aperol and is not worried about the threat from competitors, including a new spritz cocktail launched by LVMH's Moet Hennessy. In an interview with Reuters at the opening of a flagship Aperol bar in Venice, Campari CEO Bob Kunze-Concewitz said the group is confident the bright orange aperitif could continue to grow by double digits over the years and attract new customers among beer drinkers. Kunze-Concewitz also said the group's strategy is still to expand through acquisitions and that in the medium to long term the group aims to secure big deals. Campari bought Aperol in 2003 when the aperitif was drunk only in the Veneto region of Italy and its sales were less than €50 million ($59.21 million) a year.
Intermarché and Casino Group have announced the start of a new purchasing alliance, which will cover both food and non-food items and run for a period of five years. The alliance comprises two units. The first, Auxo Achats Alimentaires, which is a central purchasing unit for food products, will be managed by Intermarché and is based in Massy, Paris. Led by chairman Jean-Baptiste Berdeaux and chief executive Tristan Dupont, two Intermarché executives, the unit will negotiate purchasing terms on behalf of the two retailers for mass market consumer goods, excluding private label, agricultural goods and seafood, and national brand products from small or mid-sized companies.
SPAR Sri Lanka has expanded its own-brand product range by sourcing through the group's global buying network. The retailer has added more than fifty new private-brand products to add more variety to its assortment. SPAR Sri Lanka is now offering more products sourced from SPAR International. These include the Italian range, the Taste the World range, and other cooking staples. All own-brand products are easily identifiable through attractive in-store signage and dedicated display stands. The range, offering both quality and value for money, is available in SPAR stores while stocks last. Last year, SPAR Sri Lanka introduced the SPAR Natural organic range of products to offer a selection of healthier, more sustainable options to shoppers.
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