Italy's antitrust watchdog said on Thursday it had fined Amazon 1.13 billion euros ($1.28 billion) for alleged abuse of market dominance, in one of the biggest penalties imposed on a U.S. tech giant in Europe.
Shares of Farfetch Ltd plunged 22% on Friday and were set to post their biggest percentage drop in more than two years after the retailer cut a key growth forecast, blaming cooling demand for high-end fashion.
Celebrity virtual appearances and flashy deals kicked off Alibaba Group Holding Ltd's final 24 hours of its Singles' Day shopping event on Thursday, hoping to draw shoppers as it preaches sustainability this year.
Milan-based brand La DoubleJ has named “influential creative leader” Julia Leach its Chief Brand Officer. She’ll work with founders JJ Martin and Andrea Ciccoli “to realise their creative and business goals".
Buy-Now-Pay-Later finance firm Clearpay has introduced its in-store payments programme in the UK in time for the festive shopping season. Shoppers can now buy items in selected retail stores using the Clearpay card.
PayPal Inc said it is not pursuing an acquisition of Pinterest Inc at this time, after several media reported last week that it was in talks to buy the digital pinboard site for as much as $45 billion.