PARIS, June 19 (Reuters) – The founder of Rocket Internet,
the German venture capital company behind dozens of online
start-ups, warned the retail industry on Thursday that
e-commerce and smartphones would mean there will be little
future for stores in emerging markets.
Oliver Samwer, 40, told the annual summit of the Consumer
Goods Forum (CGF), an industry network of some 400 retailers and
big brands from 70 countries, that many of them risked being
left behind as the growth of e-commerce accelerates.