3 in Finance
12/12: Miss Mary (Sweden), manufacturer of women’s swimwear and lingerie, entered into an agreement to be acquired by enterstore, an e-commerce investment firm backed by Hartenberg Capital, for a reported $183M. (Link)
12/11: About You (BER: YOU) (Germany), an online fashion retailer, was acquired by rival Zalando (ETR: ZAL) for $1.2B. (Link)
12/5: KKday (Taiwan), a travel platform designed to connect travelers with authentic local tours and activities, raised $70M of equity in a deal led by Cool Japan Fund, Taiwan’s National Development Fund, and Darwin Ventures. (Link)
3 for Fun
Walmart China announces key partnership with food delivery service Meituan, bolstering the company’s e-commerce capabilities. (Link)
Teamsters launch largest strike in American history against Amazon. (Link)
AI-powered chatbots being used by retailers such as Amazon and Walmart to help shoppers find what they need for the holidays. (Link)
Big movers — month over month stock performance:
The RealReal gains 86%; Warby Parker gains 7%; Amazon gains 6%
Hims & Hers Health falls 25%; Carvana falls 22%; Mercado Libre falls 14%