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said it would team up with the founder of Chinas Intime Retail (Group) Co. to take the department-store operator private, as the e-commerce giant seeks to extend its online dominance into physical stores. Chinas largest online retailer and Intimes founder, Shen Guojun, will pay as much as 19.8 billion Hong Kong dollars (US$2.6 billion) to take the Hong Kong-listed department-store chain private, Alibaba said in a statement Tuesday. Alibaba already has a 28% stake in Intime from a US$692 million investment it made in 2014 ; its shareholding would rise to about 74% after the deal. The deal requires approval from Intime shareholders and from a court in the Cayman Islands, where Intime is incorporated, an Alibaba spokeswoman said. The announcement furthers Alibabas foray into physical stores and underlines a push by Alibaba Executive Chairman Jack Ma to deepen links between the retailers online operations, brick-and-mortar stores, and logistics. Alibaba, which runs popular shopping websites Taobao and Tmall, also has a stake in Suning Commerce Group Ltd. , a large Chinese electronics physical retail chain. Alibaba said more Chinese are choosing to shop online through their mobile phones, providing an opportunity for physical stores to reach mobile shoppers on their devices via location services. Intime operates 29 department stores and 17 shopping malls mainly in eastern China.
For the original version including any supplementary images or video, visit http://www.wsj.com/amp/articles/alibaba-seeks-to-take-intime-private-with-founder-1484005494
Food manufacturers are either increasing prices or shrinking pack sizes dubbed shrinkflation as they look to maintain profit margins as input costs increase. Shrinkflation started during the last recession and in recent years chocolate lovers have been regularly targeted: Mars and Snickers bars have got smaller; 1kg tins of Quality Street and Roses have slimmed down to 820g; and six-packs of Cadburys Creme Eggs also a Mondelez brand have been whittled down to five. Pinterest Mind the gap: the new Toblerone bar comes with added space. Photograph: Darren Staples/Reuters Mondelez, which bought Cadbury in 2010 , was widely criticised last year when it opted แฟ ชั้น กระเป๋า 2017 to widen the gaps between Toblerones chunky chocolate triangles rather than increase its price. Rival Mars has also shrunk its sharing bags of Maltesers by 15% as it looks for ways to offset rising production costs. Mondelez said rising commodity costs and recent foreign exchange pressures meant its food products were becoming more expensive to make. The pound has fallen sharply against the dollar since the vote for Brexit last summer. The company highlighted the price of cocoa, which it imports into the UK, had risen over 50% since 2013.
For the original version including any supplementary images or video, visit https://www.theguardian.com/business/2017/jan/12/toblerone-maker-mondolez-hike-price-cadbury-bars-freddo
Andy says: "I had done a lot of public speaking before, but this was a rock 'n' roll thing. I was worried about stumbling on the stairs and falling on the president." Thankfully for Andy, he managed to stay on his feet and give a speech that wasn't too overshadowed by President Clinton's well-known oratorical talents. Andy says: "President Clinton was amazing, he is an incredible public speaker, I owe him a great deal." Image copyright Leapfrog Image caption Clinton brought Andy Kuper to wider attention But why was President Clinton so impressed with a South African businessman he had only recently met? Andy had ambitious plans to help transform the lives of hundreds of millions of people in the developing world, to help pull them out of poverty. Instead of giving them aid, his plan was to invest in, help run and expand indigenous companies, mostly insurance and healthcare funds, so that populations would not be blighted by ill-health. And instead of being a charity or non-profit organisation, Leapfrog planned to be very much profit-making and offer its investors a decent rate of return. The idea was to make globalisation and capitalism work for the world's poorest people. After a very slow start, the business today has more than $1bn (800m) of funds on its books. It currently invests in 16 companies across 22 countries in Africa and Asia that have a combined 100,000 employees and serve 91 million people.