France

Marketplace solution provider Mirakl generated nearly 160 million dollars (148.6 million euros) in annual recurring revenue in 2023. This is a growth of 20 percent compared to a year before. Additionally, the Mirakl Platform has reached profitability in the fourth quarter of last year.

This week, French government agency Business France and Alibaba have launched a partnership to promote French SMEs. Through this initiative, online merchants can more easily promote their products on a global scale. This will increase the amount of exporting companies in France.

French postal service company La Poste has installed a fitting room in two of its post offices in Paris. It wants to install fitting rooms in seven of its branches in total. With this experiment, customers can try on their online orders immediately after collection.

Dutch fulfillment company Salesupply has added another new fulfillment location to its global network. It is located in Lyon, France. The warehouse is 15,000 square meters, which gives the company the opportunity to process higher volumes in that country.

In anticipation of the retail industry's Black Friday event, Vestiaire Collective has removed H&M, Zara, and dozens of other brands and retailers from its platform. The fashion resale specialist is urging partners and customers to join its 'Think First, Buy Second' campaign.

Dutch discount platform iBood is expanding into a new European market, France. The platform is already active in four other markets, in addition to its home country. It will now provide daily discount deals to French customers.

Takko Fashion, a major textile discount formula from Germany, has further expanded its European ecommerce activities. Shortly after opening an online store in the Netherlands, the company has started online sales in France.

French software solution for services marketplaces, Scnd, has raised 4 million euros in a funding round. The company wants to use the capital injection to expand its ecommerce solution, as well as strengthen its position in the market.

Fnac Darty and CEVA Logistics are establishing a joint venture, called Weavenn. The new venture will offer SaaS marketplace technology solutions, as well as logistics. It is set to be operational as of 2024.

British fashion retailer JD Sports has reached an agreement to take over Courir. The company will pay 520 million euros for the French retail chain. Courir has more than 300 stores and is active in several countries.

Online luxury sneaker marketplace Laced is expanding into Europe, with dedicated language websites for several countries. The United Kingdom-based company is first expanding to Germany and France. It is also planning to launch in Italy and the Netherlands at a later stage.

Amazon is making a fresh start with Amazon Shipping, the shipping service that online retailers can also utilize for orders beyond the platform. The service has been reintroduced in the United Kingdom and is now also accessible to online retailers in France, Italy, and Spain.

Marketplace solution provider Mirakl has secured 100 million euros in debt financing. The funding will be used to enhance its technology and to finance acquisitions. The company was already valued at over 2,92 billion euros in 2021, after a Series E funding round of 468 million euros.

French activists urge for legislative and regulatory measures against Shein, the fast fashion giant from China that is rapidly expanding in Europe. The activists are concerned about Shein's impact on the planet. "Behind the €2 t-shirts or €9 dresses lies an unbearable operating system that destroys the environment and human rights," they state.

Katchin, a marketplace for jewelry, watches, and accessories, has launched in Germany and France. This expansion follows its launch in the UK earlier this year. Katchin is a venture by the Fossil Group. It operates on Mirakl's marketplace software.