×
25 812
Fashion Jobs
ROSS STORES
Store Protection Specialist
Permanent · La Habra
L BRANDS
Asset Protection Officer, Morse rd (2nd Shift 3pm - 11pm)
Permanent · Columbus
BATH & BODY WORKS
sr. Manager, Carrier Strategy
Permanent · Columbus
VICTORIA'S SECRET
Brand Operations Manager-Crystal Mall
Permanent · Waterford
L BRANDS
Asset Protection Officer, Morse Crossing - 3rd Shift (11pm-7am)
Permanent · Columbus
VICTORIA'S SECRET
Brand Operations Manager-Coconut Point
Permanent · Estero
BATH & BODY WORKS
District Manager - Bath & Body Works - North Austin - Austin, tx
Permanent · Waco
VICTORIA'S SECRET
Brand Operations Manager-Valley West
Permanent · West Des Moines
L BRANDS
Asset Protection Officer, Broad st -1st Shift 7am-3pm
Permanent · Reynoldsburg
L BRANDS
Asset Protection Officer, New York City
Permanent · New York
BATH & BODY WORKS
Senior HR Generalist - Home Office
Permanent · Reynoldsburg
VICTORIA'S SECRET
Brand Operations Manager-White Marsh
Permanent · Baltimore
VICTORIA'S SECRET
Asset Protection Investigator, Victoria's Secret (Southland Mall - Hayward, ca)
Permanent · Sacramento
PINK
Brand Operations Manager-Solano
Permanent · Fairfield
VICTORIA'S SECRET
Product Owner
Permanent · Reynoldsburg
ESTÉE LAUDER COMPANIES
Manager, Creative Operations, Creative Content Hub, North America
Permanent · New York
ESTÉE LAUDER
Director, Ecommerce, North America - dr.Jart+
Permanent · New York
JCPENNEY
Product Manager - Site Management Tools & Cms
Permanent · Plano
JCPENNEY
Financial Planning Senior Analyst - Stores Finance
Permanent · Plano
JCPENNEY
Central Investigations, Crisis Response / Remote Monitoring Technician - Asset Protection
Permanent · Plano
FOOT LOCKER
Senior Product Manager (Membership)
Permanent · Chicago
FOOT LOCKER
Security Guard
Permanent · New York
Published
Mar 2, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

eBay and Adevinta to sell Shpock, Gumtree in UK to satisfy competition watchdog

Published
Mar 2, 2021

eBay and Adevinta said on Tuesday that the’ve reached an agreement that will satisfy the UK's competition watchdog over their planned megadeal for their classifieds businesses. 


Reuters



The original plan had been for eBay to sell Gumtree to Norway-based international classifieds website Adevinta ASA. But eBay would also acquire a 33.3% voting stake in Adevinta and seats on its board and would therefore be able to influence decision-making for both Gumtree and the Norwegian firm's Shpock site. 

That’s why the UK’s Competition and Markets Authority (CMA) said it had “concerns that the proposed transaction could reduce competition” in Britain.

The result is that they will sell “each company's primary classifieds operations in the UK”. That means Adevinta’s Shpock business and eBay’s Gumtree (UK) and Motors.co.uk. 

Shpock in particular is a big forum for people to sell used fashion items. But in 2019, eBay Classifieds Group's UK business accounted for less than 10% of its consolidated revenues and Adevinta's UK business accounted for only 1% of its consolidated revenues. On a combined basis, the UK would represent less than 5% of total consolidated revenues.

That problem dealt with, the two companies are now targeting Q2 as a closing date for the transaction, subject to final ratification of the remedies execution plan by the CMA and receipt of outstanding regulatory approval in Austria.

Copyright © 2021 FashionNetwork.com All rights reserved.