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The Body Shop soon to be taken over by the Eurelius fund
After selling Aesop to L'Oréal, Brazilian giant Natura &Co was committed to selling The Body Shop. The investment company Aurelius has reportedly shown an interest.
7 November 2023
In India, Sephora becomes part of Reliance Retail
In Q1 2023, Reliance Retail Ventures abandoned talks to obtain the exclusive rights to operate Sephora’s business in India. However, in November, the country’s retail giant finally won...
7 November 2023
B2B : Amazon launches a BNPL offer for professional customers with Affirm
Amazon is about to offer a fractional payment option on Amazon Business, the e-commerce platform for professional clients, CNBC revealed. The U.S. retail giant, which has just published good Q3...
7 November 2023
Pauline Gubert, Babymoov: “Our business of re-conditioned products will grow from 3,000 to 20,000 units in two years”
Home appliances manufacturer Babymoov (food processors, baby monitors) has formalised a partnership with CircularX (a subsidiary of Recommerce Group) in order to expanding the range of second-hand...
E-commerce: Omnicom acquires Flywheel Digital for US$835 million
On October 30th, the U.S. communications group Omnicom (owner of BBDO, OMD and TBWA) announced a takeover of Flywheel, the e-commerce subsidiary of the British group Ascential, for US$835 million...
3 November 2023
Travel retail: L’Oréal penalised by Beijing’s crackdown on illicit retailers
According to published Q3 results in mid-October 2023, L’Oréal reported sales of €10 billion in the quarter to September 30, up by 4.5% in total and by 11% on a comparable basis...
2 November 2023
China: home appliances record a third consecutive month of drop, furniture at a standstill
In China, the property crisis has been impacting all sectors of the economy. According to the National Bureau of Statistics, two retail verticals have been particularly hard hit since June...
2 November 2023
[Ikea results] Ikea on track for €50 billion sales in 2024
Despite a declining Web traffic, digital transactions accounted for more than 25% of Ikea's business in 2023. The world's largest furniture retailer maintained growth momentum to aim for a €50...
Zero-carbon stores: a new controversial claim for Amazon
Having abandoned goal of achieving 50% “zero-carbon” shipments by 2030, zero-carbon is making a comeback in Amazon’s media communications. In Seattle, an Amazon Fresh store (3250...
UK : After Missguided, will Shein acquire TopShop?
Shein continues a strategic shift towards a marketplace business, already launched in the U.S.A. Brazil and now due in Europe. It has just acquired Missguided and may add Topshop in its portfolio.
31 October 2023
[Amazon results] In Q3 2023, Amazon more than tripled net margin on the back of a savings plan and a return to fundamentals
After a post-Covid-19 pandemic slowdown, Amazon's net margin more than tripled in Q3 2023. Over the 9 months of the year, growth was driven by the digital marketplace, AWS and advertising - three...
Retail media: One year after launch, Mirakl Ads faces challenges ahead
The recent partnership between Mirakl and Havas has put the spotlight once again on the digital marketplaces provider's retail media offering, which combines technology and advertising network. A...
30 October 2023
Zalando: Returns drop by 10% thanks to sizing recommendations
With 30% returns due to incorrect fitting, Zalando is banking on AI to optimise sizing recommendations and enhance an online consumer journey.
20 October 2023
The EU Parliament voted to ban imports of products made with forced labour
On Monday 16th October, the Brussels M.E.P.’ serving in the Internal Market and International Trade committees voted in favor of the draft regulation presented by the European...
20 October 2023
China: Legal tussle between Carrefour and Suning over takeover deal
Four years after their takeover by Suning.com, there's not much left of Carrefour's former Chinese supermarkets. Although a Hong Kong court ordered Suning to pay Carrefour US$134 million, it is...
19 October 2023
[info mind Retail] Christofle relies on CircularX to accelerate second-hand revenue
According to our source, the high-end tableware retailer controlled by the Chalhoub family launched a program in early October 2023 to buy back second-hand products from individuals. Pierre...
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