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Zalando, Europe’s largest online fashion retailer, has announced its acquisition of competitor About You, marking a major shakeup in the European fashion e-commerce and marketplace industry. The deal, valued at 1.13 billion Euro, includes a purchase price of 6.50 Euro per About You share – a 107% premium on the stock’s three-month average price. Marketplace-Universe
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Zalando has officially launched on TikTok Shop in the UK, partnering with 55 iconic brands including Nike, Adidas, AllSaints, and Dr. Martens. LinkedIn
Amazon will shortly be opening its new country website in Ireland. Sellers are now invited to list for selling on Amazon.ie. Dublin-born and based Alison Dunn, who has been with Amazon for almost a decade, has been appointed Country Manager for Amazon’s retail business in Ireland. About Amazon
Amazon partners with Hyundai in an interesting move for the automotive sector: Customers in 48 U.S. cities can now buy new Hyundai vehicles from their local participating dealer directly on Amazon. About Amazon
Tech News
Marketplace software provider Mirakl has acquired the Berlin-based ad tech company Adspert. Its technology will be integrated with Mirakl’s existing retail media solution Mirakl Ads. TechCrunch
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