In a press conference, Robert Gentz (Co-CEO Zalando), David Schröder (Co-CEO Zalando), Sandra Dembeck (CFO Zalando) and Tarek Müller (Co-CEO About You) revealed details about the takeover plans of Zalando and About You. The goal is to form the leading European fashion e-commerce ecosystem and help shape the future of online shopping. The takeover was … Read more
The sports company Puma has announced a cooperation with the Finnish company Spinnova. This specializes primarily in innovative textile materials. In the future, products and collections made from the wood-based Spinnova fiber will be designed and used in the sport style sector. The cooperation primarily affects Spinnova’s joint venture company Woodspin Oy, which is the … Read more
Palestinian medical officials said separate Israeli strikes on the Gaza Strip killed at least 26 people overnight and into Wednesday. Hospital records showed that one of the strikes killed several generations of one family, including four children, their parents and two grandparents. Source link
After the closure of the outlet in Wiesbaden, more are already on the horizon: As the Hamburger Abendblatt reports, the bailiff was recently at the door of six Görtz branches in Hamburg. Accordingly, the Hamburg Regional Court has received eviction notices for six branches against the shoe retailer. The companies that own the properties are … Read more
When Stefan Schreiber decided to invest in a carbon emission reduction project with a Chinese company, he was convinced he was dealing with a trustworthy business partner. “They made a very professional impression: the way they presented themselves, the way they communicated,” he said. DW met Schreiber in a meeting room at his company’s plant … Read more
Washington: The flight between the US and the UK takes 8 hours. But imagine that you can complete this journey in just one hour. The proposed transatlantic tunnel would connect New York and London and could be a great plan for the future. The idea of building a 4,828-kilometre-long transatlantic train tunnel came to light. … Read more
Five suspects are set to appear in a Dutch court Wednesday on charges of assaulting visiting Israeli football fans last month following a game in Amsterdam. The attacks came after two days of clashes during which fans of Maccabi Tel Aviv sang anti-Arab songs and burned a Palestinian flag. Source link
Zalando has announced that it intends to make a takeover offer for up to 100% of the shares in About You. The Executive Board and Supervisory Board of About You intend to recommend that shareholders accept the offer. The main shareholders Otto Group, the Otto family, Heartland and the management have already committed to selling … Read more
Washington: US President-elect Donald Trump believes that birthright citizenship is “ridiculous” and wants to end it after he takes office on January 20. The right of every child born in America to acquire U.S. citizenship has been enshrined in the Constitution for more than 150 years. Under this rule, America grants citizenship to every child … Read more
Taiwanese authorities said it’s “troublemaker” neighbor, China, has expanded military drills around the island. A senior national security official said the massive maritime operation was meant to demonstrate that Beijing could choke off Taiwan and also draw “a red line” ahead of the incoming US administration. Source link