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Asda launches incubator programme for new brands
Image Credit; Asda

Asda launches incubator programme for new brands

On this episode of Talking Shop I’m joined by Alain Bejjani—former Group CEO of Middle East retail giant Majid Al Futtaim, and author of the definitive new book, NEXT: Leading Through the New Realities. Drawing on his childhood in war-torn Beirut, and his experience steering a $9.5bn dollar retail and lifestyle empire through a global pandemic, Alain brings an unmatched perspective on leadership under pressure. Today, we break down his crisis survival playbook for retailers operating in distress. We discuss why resilience must always outpace efficiency, the four assets a brand must protect at all costs, and how to turn macro-turmoil into a long-term direction that scales.

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Asda has announced it will launch an incubator programme to “support emerging and entrepreneurial brands in bringing products into its stores”.

The ‘Nurture’ programme will give suppliers easier access to shelf space, and the opportunity for Asda to sell new products.

Suppliers selected to join the programme will also have access to data to help them develop and improve their range, as well as a suite of online and end-to-end supply chain training and a dedicated team to support their growth.

To access thousands of newly launched products and suppliers, Asda’s buying teams have partnered with leading online product discovery platform, RangeMe, to help the supermarket in its efforts to always bring new and exciting products to its customers.

Derek Lawlor, chief merchandising officer at Asda, said: “Asda has a reputation for bringing exciting, trend-led products to its customers. We’re keen to speak to smaller, entrepreneurial businesses and emerging brands – who might not come from the ‘traditional’ retail supply base but can offer something different to our customers.

“In return we’ll be able to offer them access to our expertise and insight into what it takes to get a product to succeed on the shelves of a major retailer.”

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