THE WHAT? Zalando has gifted all staff an additional five days of paid annual leave in recognition of their hard work over the course of the pandemic, according to a report published by Reuters. THE DETAILS The e-commerce platform’s 14,500 employees will take a ‘collective break’ from August 2 to August 6 – with staff…
THE WHAT? MyGlamm has appointed Apratim Majumder as Chief Marketing Officer, according to a report published by Indian Television. THE DETAILS In his new role, Majumder will oversee the planning, development and execution of the e-commerce platform’s marketing and advertising. Majumder joins the company from Unilever where he was Category Head, Naturals. He brings some…
THE WHAT? Rapper A$AP Rocky assumed the role of CEO for a day at Klarna at the start of June, in recognition of his recent investment in the global payments provider. THE DETAILS The musician spent his short time at the helm renouncing the global fashion hibernation that has dominated the past year and encouraging…
THE WHAT? Coty CFO Laurent Mercier is looking to increase profitability by streamlining its product portfolio, according to a report by The Wall Street Journal. THE DETAILS Mercier is aiming to achieve company savings of $600 million over the course of three years, with a $300 million saving aim this fiscal year. The company, which reported a…
THE WHAT? Rapper Sean Combs, known as P Diddy, has teamed up with Salesforce to launch a digital marketplace for Black-owned brands, named Shop Circulate. THE DETAILS Created by Deloitte Digital, the marketplace will feature ‘an expansive list of businesses across categories, from beauty, fashion and art, to health, wellness and home.” Powered by Marketplacer, Shop Circulate…
THE WHAT? Handmade goods marketplace Etsy has acquired second hand fashion app Depop in a $1.6 billion deal. THE DETAILS The buyout is expected to close during the third quarter of 2021, with Depop continuing to be headquartered in London, UK, with its existing management team in place. According to a press release approximately 90 percent of…
