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’.

Vinted needs to amass Rebelle

Secondhand style market Vinted needs to amass competitor Rebelle. The corporate provided 30.2 million euros for the acquisition. The deal obtained a optimistic response from fee members and shareholders of Rebelle.

Vinted is an internet platform to purchase and promote

Zalando introduces body measurement features

Zalando launches a body measurement feature to assist customers in the DACH region in finding their right size. They receive size advice based on their measurement by taking two pictures of themselves. With this tool, size-related returns should be reduced.