×
90 973
Fashion Jobs
MARC JACOB'S
Sales Supervisor
Permanent · Aurora
BLOOMINGDALE'S
Asset Protection Supervisor, Full Time - ny 59th st
Permanent · NEW YORK
ULTA BEAUTY, INC.
Portfolio Manager IT
Permanent · Bolingbrook
MACY'S
Asset Protection Detective, South Shore Plaza - Full Time
Permanent · Braintree
ABERCROMBIE AND FITCH CO.
Asset Protection Agent
Permanent · San Francisco
H&M
Part Time Cleaning Technician
Permanent · NEW YORK
SAKS
2nd Shift Asset Protection Associate
Permanent · LA VERGNE
SAKS
2nd Shift Inventory Control Processor
Permanent · LA VERGNE
FABLETICS
Art Director - Yitty
Permanent ·
UNDER ARMOUR
Stock Teammate, Part-Time 5:00 am Tuesday - Saturday Shift, Starting Pay $15.25 Per Hour
Permanent · SAN DIEGO
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Full Time - Sherman Oaks
Permanent · LOS ANGELES
MACY'S
Asset Protection Detective, Roosevelt - Full Time
Permanent · Philadelphia
MACY'S
Retail Cosmetics Stock - Estee Lauder, Flushing - Full Time
Permanent · New York
MACY'S
Asset Protection Officer, Bailey Road - Full Time (3840)
Permanent · North Jackson
KOHLS
Financial Analyst
Permanent · Menomonee Falls
GAP
General Manager - Glendale Galleria
Permanent · Glendale
MACY'S
Asset Protection Security Guard, Herald Square - Full Time
Permanent · New York
MACY'S
Asset Protection Detective, Northpark Center - Part Time
Permanent · Dallas
MACY'S
Asset Protection Detective, Manhattan Beach - Full Time
Permanent · Manhattan Beach
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Dadeland
Permanent · Miami
AESOP
Part Time Retail Consultant | Seaport
Permanent · Boston
KOHLS
Distribution Center Operations Manager
Permanent · Patterson
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 © 2022 FashionNetwork.com All rights reserved.