Farfetch acquires 47.5% stake in Yoox

Farfetch acquires 47.5% stake in Yoox

Curated fashion platform Farfetch has bought a 47.5 percent stake in Yoox Net-A-Porter Group. It is unclear what amount of money was involved in the acquisition. Because of the deal,…
Wayfair lays off 5% of workforce

Wayfair lays off 5% of workforce

Online furniture and home goods retailer Wayfair is laying off 870 employees. This reduction affects 5 percent of its global workforce and 10 percent of its corporate team. According to…
Clearco lays off 25% of staff

Clearco lays off 25% of staff

Just months after expanding to Germany and Ireland, Canadian ecommerce investor Clearco is cutting 25 percent of its staff. This comes down to 125 employees. The company points to 'the…
Bol.com has 50.000 partner sellers

Bol.com has 50.000 partner sellers

Benelux's leading marketplace Bol.com now has 50,000 partner sellers. The past three years the number of merchants almost doubled. Partners are responsible for 60 percent of the platform's revenue in…
German drugstore DM installs pick-up lockers

German drugstore DM installs pick-up lockers

Popular German drugstore Drogerie Markt (DM) has announced that it is installing automatic pick-up lockers in its stores. Customers can easily collect online orders at the pick-up stations. It will…