Farfetch acquires 47.5% stake in Yoox

Curated trend platform Farfetch has purchased a 47.5 p.c stake in Yoox Web-A-Porter Group. It’s unclear what amount of cash was concerned within the acquisition. Due to the deal, Farfetch can purchase the remaining shares in a while.

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PayPal introduces passkeys in Germany and the UK

PayPal is offering passkeys outside of its US home market for the first time. The user-friendly login feature becomes available in Germany and the United Kingdom.

“Passkeys are designed to replace passwords and allow seamless logins for consumers across devices

Refurbed reaches €1 billion turnover

Austrian marketplace for refurbished electronics, Refurbed, has reached a financial milestone of 1 billion euros in turnover. The company is now active in eight markets.

Refurbed was founded in Austria in 2017. It is an online marketplace for refurbished electronics,

‘Price increases drive cross-border shopping’

Consumers’ pursuit of more affordable prices is fueling cross-border shopping behavior, according to a consumer study conducted by Worldline in six European countries.

The study reveals that about half of consumers regularly shop outside of their domestic market. “The primary