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.

Earlier this

Asos and Boohoo investigated for greenwashing

Trend platforms Asos and Boohoo are being investigated by the British Competitors and Markets authority relating to greenwashing. Their claims about sustainability could also be deceptive the general public. The CMA says it ‘will not hesitate to take authorized motion’.