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The Parisian conglomerate will acquire Tiffany for $135 per share in cash, in a transaction with an equity value of $16.2 billion.
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The High Cost of Fast Fashion
Up to 40 locations and a distribution facility will be acquired by rival Michaels, which has a 1,300-store footprint and is the largest arts and crafts retailer in the U.S.
Mentions:
Blitsy
Zibbet
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The High Cost of Fast Fashion
The acquisition, which is PayPal’s largest to date, will give the payments giant a step up in fully understand a consumer’s shopping journey.
TikTok is running beta tests that allow influencers to embed social commerce links into their video content on the app.
Kylie Jenner has sold 51 percent of her cosmetics and skincare brand to Coty for $600 million, a price tag that now values the enterprise at whopping $1.2 billion.
Athletic retail giant Nike will stop selling its products on Amazon, officially ending a two-year pilot program.
The service will be offered next year in conjunction with financial institutions like Citigroup.
Mentions:
- Google, Checking Accounts, And The Emperor’s New Clothes
- Gavin Belson's new trick: Technology + Ethics = Tethics.
A 7-foot tall voice-activated Douglas fir named ‘Mr. Christmas’ popped up on Amazon’s website, the first-ever Alexa compatible smart Christmas tree.
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An Amazon spokesperson confirmed to CNET that the eCommerce giant will be opening a grocery store in Woodland Hills, California in 2020.
The Wall Street Journal reported that Amazon had signed more than a dozen leases in the Los Angeles area, as well as some in Philadelphia, Seattle, D.C., and Chicago as part of its plan to build out the new chain.
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Costco is now teaming up with delivery start-up Instacart to test free delivery of prescription drugs to members.
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