INGOLSTADT, Germany, Sept 18 (Reuters) – Europe’s top
electronics retailer Media-Saturn unveiled a new store with
access to more products via a giant video wall and a drive-in
collection point for online orders, aiming to better link online
and offline shopping and fight back against internet
Media-Saturn, whose sprawling stores selling everything from
washing machines to laptops generate about a third of the
revenues of retail group Metro, has seen online
competition from the likes of Amazon steadily erode its
business in recent years.
BERLIN (Reuters) – Oliver Samwer and his brothers Marc and Alexander are on the brink of becoming Germany’s newest billionaires with the flotations of Rocket Internet and the European online fashion site Zalando it helped launch in 2008.
The sons of a lawyer who encouraged them to read Germany’s Handelsblatt finance daily, they want to make Rocket the world’s biggest e-commerce platform outside the United States and China by conquering markets that Amazon or Alibaba have yet to dominate.
BERLIN, Sept 10 (Reuters) – German venture capital group
Rocket Internet, which has launched dozens of online start-ups
in recent years, announced plans on Wednesday to raise about 750
million euros ($970 million) by listing a stake as it rides a
wave of e-commerce flotations.
The announcement comes just a week after Zalando, Europe’s
biggest online fashion player that Rocket helped launch, also
announced its intention to float, meaning the two companies will
be competing for investors at the same time.