Klarna’s valuation has plummeted from US$46 billion to US$6.7 billion as a result of a funding round that saw the buy now, pay later platform struggle to persuade investors of its worth, according to a report published by the Financial Times.
LVMH-owned Givenchy has teamed up with the Rewind artist collective and London gallery owner Amar Singh to create a digital artwork, which will then be sold in order to raise money for Le MAG Jeunes association.
Zara has ushered in a charge for returning goods bought via its website, according to a report published by the BBC. The fast fashion retailer will levy a £1.95 fee for returned items, with the cost deducted from refunds.
A London fashion store has adopted real-time price tags, recalculated every 10 minutes, in order to accept payment in crypto currencies, according to a video report posted by Reuters.
Kering Founder, Francois Pinault has struck a deal to acquire Deezer for an enterprise value of €1.075 billion, according to a report published by Bloomberg.
Shiseido UK suffers data breach, exposing personal details of hundreds of current and former employees
Shiseido UK is reported to have fallen victim to a data break involving personal details of hundreds of current and former employees.
Unilever Chief Digital & Commercial Officer and WFA Deputy President, Conny Braams has called for collective action from regulators, governments, advertisers, tech companies and people to create a truly decentralised, safe and trusted environment online that puts people first in the next iteration of the web.
Treatwell has launched a new SaaS system in the UK, which will include free SMS reminders to avoid no-shows and the integration of Reserve With Google, Facebook, Instagram and Apple Maps to boost salons’ online visibility.
Charlotte Tilbury is claiming to break new ground in the beauty industry as the first brand to launch a 3D volumetric avatar – in this case of the make-up line’s eponymous founder.
Carrefour Group has announced it is joining forces with European venture capital firm daphni to launch Dastore, a dedicated venture capital fund aimed at investing in early stage start-ups that are addressing the digital retail space.