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Fashion

Farfetch acquires 47.5% stake in Yoox

Curated fashion platform Farfetch has bought a 47.5 percent stake in Yoox Net-A-Porter Group. It is unclear what amount of money was involved in the acquisition. Because of the deal, Farfetch can acquire the remaining shares later on.

Earlier this

Fashion

Wayfair lays off 5% of workforce

Online furniture and home goods retailer Wayfair is laying off 870 employees. This reduction affects 5 percent of its global workforce and 10 percent of its corporate team. According to the company, its team is too big for the current

Fashion

Clearco lays off 25% of staff

Just months after expanding to Germany and Ireland, Canadian ecommerce investor Clearco is cutting 25 percent of its staff. This comes down to 125 employees. The company points to ‘the current macroeconomic environment’.

Clearco is an ecommerce investing firm which

Fashion

Bol.com has 50.000 partner sellers

Benelux’s leading marketplace Bol.com now has 50,000 partner sellers. The past three years the number of merchants almost doubled. Partners are responsible for 60 percent of the platform’s revenue in the first quarter of 2022. The growth in sellers is