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Woolworths has agreed to sell its 540 fuel convenience stores to EG Group for $1.242bn.

The companies have entered a 15-year commercial alliance for loyalty, fuel discount redemption and wholesale product supply.

Woolworths is expected to roll out a new wholesale food supply agreement to the network for offering a range of products at competitive prices.

It will also transfer existing teams of Woolworths petrol management and operations to EG Group.

Scheduled for completion by early 2019, the deal is subject to approval by the Foreign Investment Review Board.

Headquartered in Australia, Woolworths is a supermarkets chain, while EG Group is a petrol forecourt retail convenience store operator based in the UK.

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By GlobalData

Ahold Delhaize will expand their Artificial Intelligence for Retail Lab (AIRLab) in the Netherlands after partnering with Delft University of Technology (TU Delft).

AIRLab will drive innovations for daily business and garner knowledge into the integration among AI, retail, and robotics.

A robotics research programme will be started for establishing a test site focusing on the latest innovations in the retail industry.

TU Delft Robotics Institute’s research centre, RoboValley, will host international researchers who will help to explore the use of robotics solutions in the retail supply chain, stores, and warehouses.

“GAP will create new and modern experiences for customers of its brands after signing a partnership agreement with Microsoft.”

A new test site by Ahold Delhaize will be supported by YES!Delft, TU Delft’s technology incubator. The facility is expected to start operations in early 2019.

Ahold Delhaize is a leading food retailer with 6,637 official stores worldwide, while TU Delft is the oldest and largest public technological university in the Netherlands.

GAP will create new and modern experiences for customers of its brands after signing a partnership agreement with Microsoft.

GAP customers include Old Navy, Athleta, Banana Republic, Intermix, and Hill City.

The company will utilise Microsoft Azure and Microsoft 365 for attracting new business, with special emphasis on technology innovation, flexibility, and speed.

GAP will migrate its applications to Azure to deliver personalised experiences to customers across its online and mobile stores.

Microsoft 365 allows employees to communicate, share their insights, and collaborate with each other.

Based in the US, GAP is a clothing and accessories retailer with presence across the world.

Microsoft is the world’s leading multi-national high-definition technology company.

Kellogg Co intends to dispose of its cookies division and fruit snacks business.

The company’s cookies line includes brands such as Keebler, Famous Amos, Mother’s, and Murray, while the fruit snacks business includes the Stretch Island brand.

Based in the US, Kellogg is a multi-national food company engaged in the production and distribution of ready-to-eat cereal and other convenience foods.