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Pepsico to sell Tropicana through a $3.3 million dollar deal

Pepsico Inc is all set to sell Tropicana and other juice brands to a private firm. The company had bought Tropicana in 1998 with the Naked juice brand, which is also a part of the deal. Further, making a...

Twitter launches e-commerce pilot called ‘Shop Module’

Lately, e-commerce has become the centre of attraction for social media platforms. Social media giants such as WhatsApp, TikTok, Facebook have introduced their own e-commerce features and now Twitter seems to join the club. Twitter started experimenting with shopping on...

Verishops debuts social shopping with Snapchat

The e-commerce business is growing at a fast pace and more and more platforms are experimenting with social commerce. The Verishop and Snap Inc have announced the launch of Verishop Mini, a curated shopping experience that will be live on...

Facebook and Instagram will invest $1bn in content creators

Facebook is planning to invest over $1bn to attract content creators by the end of 2022, according to Mark Zuckerberg, CEO of Facebook. This investment will be an effort to compete against TikTok, a popular Chinese short video application...

L Brands resumes Victoria’s Secret sale talks

US-based fashion retailer L Brands has reportedly resumed talks with potential buyers to sell its world-famous Victoria’s Secret lingerie chain. According to media sources, the business could be valued at between $2bn and $3bn. Last year, it was valued at...

Chinese e-commerce platform JD.com expands into offline foodservice

Beijing-headquartered e-commerce company JD.com and popular China-based foodservice chain Juqi have announced an innovative supply chain partnership, which will make the former the first platform in China to provide a one-stop supply chain solution covering both food and materials...

Indian-origin billionaires Issa brothers buy UK fast food chain Leon

Indian-origin billionaire brothers Mohsin and Zuber Issa have acquired a popular British fast food chain, Leon, as part of what they described as their goal to grow their foodservice operations in Britain. The Issa brothers, whose parents moved to the UK from Gujarat...

Walmart e-commerce sales to grow by 21% in 2021 to $65 billion, nearly a sixth of Amazon’s $367 billion

A massive boom in click-and-collect trends is expected to accelerate Walmart’s pandemic-driven momentum through 2021. According to the research data analyzed and published by ComprarAcciones.com, Walmart’s online sales will grow by 21.2% to $64.62 billion in 2021. Its share of US online...

European e-commerce revenue to hit $465B in 2021, a 30% jump amid the pandemic

The COVID-19-led boom in online sales has caused an impressive growth of the European e-commerce market, both in terms of revenue and the number of users. As millions of people continue switching from brick-and-mortar shops to webshops, Europe's e-commerce...

Actress Maisie Williams is H&M’s new Global Sustainability Ambassador

H&M has announced a partnership with actor and filmmaker Maisie Williams to lead a worldwide initiative towards a more sustainable fashion future. In a major effort towards meeting the goal of only using recycled or other sustainably sourced materials by 2030,...

The top 3 global online marketplaces which accounted for nearly 2/3s of $2.67 tn 2020 GMV

Online marketplaces around the world enjoyed stratospheric growth in 2020. According to the research data analyzed and published by ComprarAcciones.com, the top 100 online marketplaces globally posted sales worth $2.67 trillion in 2020. Compared to 2019, that marked a 29%...

China and US to generate 60% of global e-commerce sales in 2021

The ongoing COVID-19 lockdowns continue fueling the explosive growth of the e-commerce market, as millions of consumers worldwide shifted from brick-and-mortar stores to webshops. According to data presented by TradingPlatforms.com, the revenue of the global e-commerce industry is expected to jump...

eBay ramps up hires in the US and Germany to strengthen user engagement

eBay’s recent hiring trend reveals that job postings in the US and Germany contributed to 50% and 20% of its total job postings, respectively, since January 2021, finds GlobalData, a leading data and analytics company. Ajay Thalluri, Business Fundamentals Analyst at...

Deliveroo’s IPO success critical for ambitions to crack US market: GlobalData

Following today’s news (15 March 2021) that Deliveroo has announced plans to commit £1bn ($1.39bn) to float shares of the company on the UK stock market; Jim Toy, Consumer Analyst at leading data analysis company, GlobalData, shared his view on...

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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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