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Shein acquires Missguided

Shein acquires Missguided

Chinese online fashion store Shein has recently strengthened its portfolio by acquiring the British fashion brand Missguided. The exact financial details of the acquisition have not been disclosed. The label will be added to Shein's own online platform.

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Amazon launches drone delivery in Europe

Amazon launches drone delivery in Europe

Amazon announced plans to use drones while delivering packages to customers in the United Kingdom and Italy starting next year, with services set to commence at undisclosed locations before the end of 2024. Selected customers will be able to have items weighing up to approximately 2 kilograms delivered to their gardens by a drone.

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Boohoo’s revenue loss escalates

Boohoo’s revenue loss escalates

Boohoo Group reflects on a meager half-year in which revenue declined by 17 percent. Particularly in the United Kingdom, which accounts for most of its revenue, the company suffered significantly. The group's loss (adjusted EBIT) amounted to 3.9 million pounds.

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