Acquisition

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.

Online personal shopping platforms Lookiero and Outfittery have announced that they are joining forces. The Lookiero Outfittery Group wants to become a European market leader in assisted online shopping.

Chinese ecommerce giant JD.com is said to be in talks with Ceconomy, the owner of MediaMarkt and Saturn, about an acquisition. The Chinese platform wants to expand in Europe while its domestic economy is slowing down.

If Zalando acquires About You, the company will not only strengthen its position in the consumer market but also become the new owner of Scayle, a provider of ecommerce software. This acquisition would create "the next B2B powerhouse for the ecommerce industry in Europe".

Marketplace solution provider Mirakl has announced the acquisition of Adspert, a data-driven advertising optimization tool. Thanks to the acquisition, Mirakl can enhance its retail media solution and add AI-driven advertising optimization software to its platform.

Latvian technology platforms Printful and Printify have announced a merger. The joined company will be able to offer better prices to customers, while also operating on a bigger scale. Both brands will continue operating under their own names.

The rumors had been circulating for a while, but now it’s official: Mytheresa wants to acquire industry peer Yoox Net-a-Porter from Richemont. This will create a “leading, global, multi-brand digital luxury group”, according to the involved parties. As part of the deal, Richemont will acquire a 33 percent stake in the rapidly growing Mytheresa.

Online luxury fashion retailer Mytheresa is said to be one of the potential bidders for Yoox Net-a-Porter. BestSecret, another online fashion platform is also understood to be interested. So far, all parties have declined to comment on the rumors of a possible acquisition.