AGP Executive Report
Last update: 7 hours agoRetail Expansion & Licensing: Malaysia’s MADANI Mart is opening master licensing applications, with up to 100 branches per master licensee (initially three priority partners), aiming to scale nationwide once supply and pricing for about 5,000 SKUs are stabilized, and exploring financing up to RM50 million. Food Safety & Recalls: Sierra Nevada Cheese Company recalled Graziers raw milk cheeses after an E. coli outbreak sickened 13 people across nine U.S. states; households are urged to check long-shelf-life products and return them for refunds. Retail Crime Crackdown: UK police seized more than £30,000 of counterfeit and illicit tobacco and arrested a shopkeeper after a foot patrol in Lowestoft. Supply Disruption & Prices: Nepal’s Kalimati vegetable market saw supplies plunge after landslides and blocked highways, cutting daily arrivals and driving sharp price increases. Travel Retail & Events: Dubai’s ISM Middle East is gearing up for Nov. 3–5 at Dubai World Trade Centre, with confectionery and snacking expected to headline amid ongoing regional tensions. Digital Payments: PhonePe received in-principle approval from the UAE central bank for Retail Payment Services and Card Schemes plus Stored Value Facilities, pending final authorization.
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