Coffee importers are stockpiling to anticipate possible shortages as a result of the corona crisis, as more and more countries are introducing lockdowns that could disrupt the supply chain. This also causes coffee prices to rise to record highs.
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Carrefour has acquired thirty Makro stores in Brazil and further strengthens its position in what is for the French group a hugely important market.
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Some sixty investors, suppliers and retail groups have called on the Brazilian government to maintain the 2006 Amazon Soy Moratorium, including many big names in the industry. This treaty prohibits the trade in soy beans grown on newly-cultivated land in the Amazon.
American retail giant Walmart sells most of its under-performing Brazilian branch to an investment group. The sale fits into a strategy to focus on growing markets.
Ontex has not profited from its Brazilian Hypermarcas acquisition yet. The addition still struggles and that has impacted the Belgian diaper manufacturer’s global growth.
Het Nest, a small brewery from Turnhout, will get its beers brewed in Brazil as well. It has struck a deal with Cervejaria Premium Paulista, which will brew and distribute the beers locally.
Brazilian Alpargatas, known for its famous Havaianas slippers, has a new owner. Investment firm J&F Investimentos sold its majority stake to three Brazilian banks.
French supermarket company Carrefour took the first step towards to its Brazilian branch’s IPO. It hopes to attract 4.5 to 5.6 billion Brazilian real (1.2 to 1.5 billion euro).
Heineken has finalized its Brasil Kirin Holding acquisition and can now focus on its charge into the third largest global beer market and home to its major competitor AB InBev.
Heineken has reached an agreement with its Japanese competitor Kirin to acquire its Brazilizan activities. Talks lasted a month and have now reached a positive conclusion.
Brazilian media claim Belgian Ontex has tabled a bid for Brazilian pharmaceutical company Hypermarcas' diaper division. The company from Eastern Flanders also acquired Mexican Grupo Mabe last year.
Belgian-Brazilian beer brewer AB InBev has not been able to meet expectations in the first quarter, mainly because of disappointing Brazilian sales. Preparations for the SABMiller merger have also had their impact on profit numbers.
Brazil may be tempted to enforce a temporary 'anti-dumping rule' for imported frozen french fries sometime this month. The tax would mainly hit Belgian and Dutch potato product manufacturers.