Here you’ll find all the ecommerce news articles we’ve written about acquisitions. This news may come in handy when you want to see what kind of acquisitions were made the last couple of months or even years.
Online marketplace Rakuten France has announced that it closing at the end of the year. The platform was looking for a buyer, after disappointing traffic and sales. There were several potential buyers, but it now says that it did not find a viable solution with any of them.
The founder of French online marketplace PriceMinister, Pierre Kosciusko-Morizet, has announced that he is preparing a takeover bid for Rakuten France. This Japanese company acquired the French platform in 2010. This will mean a return to his former company, sixteen years after selling it.
JD.com is looking to make another move to strengthen its position in the European ecommerce market. The Chinese company is reportedly willing to pay 2 billion pounds to acquire The Very Group, an online retail company from the United Kingdom.
The British department store Marks and Spencer Group is buying a distribution center from Asos. The deal is worth around 77.5 million euros. With this acquisition, Marks and Spencer will be able to achieve faster online growth.
fulfilmentcrowd, the tech-led logistics provider backed by private equity firm Palatine, has acquired Fulfilment.nl, a Dutch ecommerce logistics specialist, expanding its activities in the EU market.
Rakuten France, formerly known as PriceMinister, is looking for a buyer for its marketplace. The platform has lost traffic and active customers in the last 10 years. If no one comes forward, the marketplace will be closed before the end of this year.
Blackstone is acquiring Greek ecommerce market leader Skroutz. The American investment company is taking over a majority stake from European private equity firm CVC Capital Partners. The founders will remain involved in the business.
Global sourcing and fulfillment platform HyperSKU has announced its strategic participation in BigBuy’s recent international financing round of 4 million euros. European ecommerce and dropshipping technology platform BigBuy said that the funding will support further growth.
Ecommerce giant eBay is buying circular fashion marketplace Depop. The resale app is currently owned by Etsy. eBay is paying around 1.2 billion dollars for the platform. With the acquisition, the platform hopes to reach a younger audience.
Ceconomy, the parent company of MediaMarkt and Saturn, has posted revenue growth for the twelfth consecutive quarter. This growth is driven by online sales, particularly the development of its marketplace. Spending on retail media is also rising sharply.
Polish ecommerce company Allegro is selling its subsidiaries in Slovenia and Croatia, to German private equity firm Mutares. This means that Mimovrste, a well-known online retailer in Slovenia, will get a new owner. The sale is an effort to streamline Allegro Group’s financial results.
The Platform Group (TPG) has published a vision document towards 2030. The German company, which operates a variety of marketplaces on its own software, plans to expand into more product categories and attract tens of thousands of additional sales partners. Its profitability must increase.
Paypal has increased its stake in German ecommerce software company Shopware. The online payment system now has a stake in the company of around 41 percent. The move can strengthen PayPal’s position in European ecommerce.
The Platform Group (TPG), the German company behind several vertical marketplaces, has significantly increased its trading volume, revenue, and profit in the first half of this year. The number of active customers and sales partners also grew strongly. By the end of this year, the group expects to have 16,500 partners, partly due to new acquisitions.
Dutch ecommerce feed manager Channable has acquired Producthero, a Google Shopping advertising specialist. Thanks to the acquisition, the solutions of both companies will be combined into one platform. This should make multichannel selling easier for online retailers.