In India, online sellers are unhappy with e-commerce platforms such as Amazon and Flipkart for not sharing the expenses incurred by returned goods. In Europe, Sainsbury’s and Steinhoff get more time to prepare their bids for Argos. In the US, Amazon has been asked to allow shareholders to vote on gender pay equality. Have a great day, and don’t forget to share.
asia & australia
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Approval for supermarket deal in Germany Germany's Economy Minister overturned a decision by the competition watchdog and approved a deal for Edeka, the country's biggest supermarket group, to buy grocery chain Kaiser's, on condition that jobs are not lost. Rival supermarket chain Rewe said it would fight the deal by filing a complaint with a German court.
Bidders for Argos get a reprieve Sainsbury’s and Steinhoff have been given more time to prepare their bids for the British retailer. Both companies originally had until 5pm on 18 March to finalise their bids. However, the UK Takeover Panel says that if one confirms its bid on Friday, the other will get an automatic extension of 53 days to reply.
Amazon should allow vote The e-commerce behemoth has been told by the US Securities and Exchange Commission to let shareholders vote on a gender pay equality proposal that was submitted to them and eight other companies by Arjuna Capital. Of the nine companies to receive the proposal, only Amazon sought permission to omit it.
developments to watch
Luxury brands lax with digital Customers who shop both instore and online usually spend about 50% more a year than those who just shop instore. However, according to a new report by customer engagement specialists ContactLab, many luxury brands are failing to capitalise by linking their brick-and-mortar and online sales platforms.