Food service, Retail, E-commerce
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Private equity firm to acquire majority stake in Italian food chain Eataly
ITALY- Italian restaurant, food and retail group Eataly has signed an agreement with investment company Investindustrial, securing funds to continue the brand’s international growth. As…
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Instacart cuts costs in preparation for IPO as Zomato reviews cloud kitchens to curb malpractices
USA- Grocery delivery app, InstaCart has been letting go of employees, delaying hiring, and limiting expenditures in an effort to cut costs as it moves…
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Bidorbuy, uAfrica join forces to launch new e-commerce platform in South Africa
SOUTH AFRICA – Online marketplace Bidorbuy has joined forces with e-logistics firm uAfrica to form Bob Group, a new e-commerce platform with a special focus…
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Glovo handed US$78m fine by Spanish authorities for recruitment violations
SPAIN- Spain’s labor ministry has fined food delivery platform Glovo 79 million euros (US$78 m) for violating a law requiring food delivery companies to formally…
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Coca-Cola partners with Jumia to refresh African customers at comfort of their homes
AFRICA – Jumia, the leading e-commerce platform in Africa, has entered into a partnership with Coca-Cola Africa Operating Unit to offer consumers access to Coca-Cola…