Facebook could face a fine of up to 1 per cent of its global revenue for allegedly misleading the European Union when it won approval to buy the WhatsApp messaging service in 2014.
Sainsbury’ planned takeover of Argos has received clearance from the UK Competition and Markets Authority clears the way for Sainsbury’s to create a multichannel giant that has been suggested could rival Amazon in the UK.
Sainsbury’s has won a bid battle for Argos following the announcement from the Home Retail Group board that it had unanimously agreed at £1.4 billion offer.
NMP and its parent company, incuBeta Group, are to merge with DQ&A Media Group in a R1.5 billion (£71 million) merger.
The importance of the pop-up store is rolling out into the digital space, with news that from April 15th Chanel will be launching a pop-up digital store on Net-a-Porter.com, making the brands products available online for the first time
In a year that’s seen e-commerce upstarts like V-Files bring young designers to the forefront, and Farfetch become a rare fashion retail ‘unicorn’ after being valued at $1 billion, commentators have been waiting for a shake up amongst the industry’s biggest players. That shake-up came when Richemont SA confirmed it will merge Net-a-Porter with Italian rival Yoox SpA.