Super Apps acquires MobilityOne’s subsidiary, 1Shop

LONDON: MobilityOne, an e-commerce infrastructure payment solutions and platform provider, has announced the completion of the sale of its 60% stake in its non-core subsidiary 1Shop to Super Apps, a leading Southeast Asian super app company. The deal, which was first announced in October 2022, was initially subject to the completion of a merger exercise…

Carrefour aims to triple its e-commerce GMV to €10bn by 2026

PARIS, FRANCE: Carrefour aims to triple its e-commerce GMV (Gross Merchandise Value) by 2026, to reach €10 billion, a news release said on Tuesday. Carrefour also expects that digital will contribute an additional €600 million to recurring operating income (ROI) in 2026 vs 2021. To this end, Carrefour will increase by around 50% its investments in digital, with a €3bn dedicated plan between 2022 and 2026. As…

Brand Architekts launches its own marketplace

LONDON: Brand Architekts, a challenger British Beauty brand business, has successfully launched its own marketplace, www.theunexpektedstore.com, a unique e-commerce beauty proposition, supported by THG Ingenuity. The Group has entered into a five-year agreement with THG Ingenuity, reflecting the belief in the long-term opportunities of the marketplace. In line with its stated strategy, the Group will…

Image Pakistan becomes country’s 1st approved seller on Amazon

KARACHI: Image Pakistan Limited, country’s first approved seller on Amazon, plans to create a wholly owned subsidiary titled Image Tech Limited to avail the recently announced incentives by the government for technology companies including digital electronics and internet related services such as e-commerce services. Such companies have been allowed a 100 percent tax credit against…

Athleta to enter Canada, first company owned expansion outside United States

SAN FRANCISCO: Gap Inc. brand Athleta, announced it will enter Canada later this year, marking the performance lifestyle brand’s first company owned expansion outside the United States. Athleta plans to launch e-commerce late this summer followed by opening retail stores at Yorkdale Shopping Center in North York, Ontario and Park Royal Shopping Centre in West…

QBID becomes official partner of new China e-commerce platform, WMall

SYDNEY, AUSTRALIA: Artificial Intelligence  (AI)  and  e-Commerce  marketing company  RooLife  Group  Ltd announced its newly acquired digital marketing company Quality Brands International Direct (QBID), has been appointed an official partner  and  supplier  for new  China  e-Commerce  platform  WMall. WMall is  an  e-Commerce platform  which  connects  western  brands  to  China’s  powerful  Daigou shopping network. It is…

Aramex posts a meager 1.0 percent growth in Q3 net profit

DUBAI, UAE: Aramex today announced its financial results for the third quarter ended 30 September 2019, wherein the Q3 2019 revenues grew by 2% to AED 1.27 billion, compared to AED 1.239 billion in the corresponding period a year ago. Revenues would have grown by 5% excluding the company’s strategic restructuring of its operations in…

Neil appointed Group E-Commerce Director at Science in Sport

LONDON: Science in Sport plc, the premium performance nutrition company serving elite athletes, sports enthusiasts and the gym lifestyle community, has announce the appointment of Neil Tinegate, a highly experienced digital executive, as the Company’s Group E-Commerce Director. Neil has a track record in digital innovation and online sales growth at businesses including Home Retail…