Zalando Launches AI Shopping Agent as Discounts Squeeze Margins
Zalando reported a 0.9 percentage-point drop in its third-quarter gross profit margin to 38.7%, missing market expectations, according to analysts at Jefferies and JPMorgan.

The acquisition will give the US retail giant a stronger foothold in Asia's third-largest economy, where it has struggled to expand in the last decade.

This week, Walmart enters into a strategic partnership with Microsoft to rival Amazon, while JD.com's innovations are transforming rural China.

Julian Dunkerton, a former chief executive of the company, has sold a 6.7 percent stake in Superdry, reducing his holding to 18.5 percent.

The men's accessories maker offered to buy Perry Ellis for $28 per share, 50 cents higher than the offer from Perry Ellis founder George Feldenkreis, which the company agreed to in June.

Randa's $28-per-share offer is 50 cents higher than a competing offer from the apparel brand's founder George Feldenkreis, and could derail Feldenkreis' deal to take the company private.

The $1.38 billion deal will give Differential Brands access to licenses for brands including Calvin Klein, Under Armour and Michael Kors.

The luxury market has seen no shortage of mergers and acquisitions and the pace is picking up with Dries Van Noten and Missoni signing deals in the past week alone.

The French luxury conglomerate is in talks to sell its 51 percent stake in the label back to the British designer after a 5-year partnership.

The acquisition comes as the sport is being considered for Olympics status.

Founder George Feldenkreis had said that going private would let the company take a long-term view to confront challenges facing the clothing industry.

Patrizio Bertelli added his son Lorenzo may one day head the company.

Founded in 2007, Gilt Groupe was once valued at $1 billion and primed to go public. But the flash sales model has since waned in popularity as off-price designer inventory became harder and harder to secure.
Zalando reported a 0.9 percentage-point drop in its third-quarter gross profit margin to 38.7%, missing market expectations, according to analysts at Jefferies and JPMorgan.
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