Tag Archives: rival

Zalando says the deal will help it to build a pan-European e-commerce platform. ADVERTISEMENT Germany’s online retailer Zalando said on Wednesday that it had agreed to buy rival fashion group About You for around €1.1bn. Zalando said it would offer €6.50 for each About You share, a premium of 67% on Tuesday’s closing price. It also represents a 107% premium …

An American social media influencer, who runs an online business has been sentenced to 10 years in federal prison following her conviction in a muřder-for-hire plot.   Ashley Grayson, 35, ran a popular internet business from her home in Dallas, touting herself as a bestseller, an eight-figure business coach, course creator, and philanthropist, according to the US Attorney’s Office for the …

The €10bn offer, which would merge two of Italy’s largest lenders, comes while UniCredit is building up its stake in Germany’s Commerzbank. ADVERTISEMENT Italian lender UniCredit has launched a €10.1bn surprise offer for its smaller rival Banco BPM. The larger lender announced on Monday that it would offer 0.175 of its own shares for each share in Banco BPM, valuing …

Amazon has launched a new outlet called Haul which caps the price of products on sale at $20 (£15.79), in an effort to take on low-cost retailers Temu and Shein. The online shopping giant unveiled Haul as a mobile-only experience available in its Shopping app for US customers on Wednesday. It says shoppers can expect “crazy low prices” on Haul …

Volkswagen Group (VW) and Tesla rival Rivian have launched a joint venture, with the German car giant increasing its investment in the partnership. The two companies say the the deal is now worth $5.8bn (£4.55bn) – up from an initial pledge of $5bn by VW. Shares in the US electric vehicle (EV) maker jumped more than 9% in after-hours trading …

The addition of Nvidia to the Dow Jones Industrial Average is a notable milestone, suggesting a more stable outlook for the AI chipmaker in its continued rise and increasing prominence in the tech sector. ADVERTISEMENT The artificial intelligence leader Nvidia is set to replace Intel in the Dow Jones Industrial Average (DJIA), as announced in a press release by S&P …

Arsenal legend, Martin Keown, has insinuated that his old rival Ruud van Nistelrooy is “waiting” for Manchester United to sack Erik ten Hag. Van Nistelrooy rejected the Burnley head coach role in the summer to join the United boss’ backroom team after Ten Hag was handed a new contract. But United’s form has not improved since last season’s worst-ever Premier …