300
Fashion Jobs
L'OREAL GROUP
Assistant CRM Manager
Permanent · HONG KONG
L'OREAL GROUP
Key Account Manager
Permanent · HONG KONG
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
By
Reuters
Published
Jun 19, 2020
Reading time
2 minutes
Download
Download the article
Print
Text size

Australian regulator says Google's $2.1 billion Fitbit deal could harm competition

By
Reuters
Published
Jun 19, 2020

Australia’s antitrust regulator warned Google’s planned $2.1 billion (£1.6 billion) acquisition of fitness tracker maker Fitbit may give it too much of people’s data, potentially hurting competition in health and online advertising markets.


The ACCC, which does not generally have the power to block a deal outside Australia, will announce its final decision on August 13 - Reuters


The Australian Competition and Consumer Commission (ACCC) is the first regulator to voice concerns about the deal in a preliminary decision on Thursday. The Alphabet Inc-owned tech giant is already at loggerheads with the Australian government over planned new rules about how internet companies use personal information.

“Buying Fitbit will allow Google to build an even more comprehensive set of user data, further cementing its position and raising barriers to entry to potential rivals,” ACCC Chairman Rod Sims said on Thursday. “User data available to Google has made it so valuable to advertisers that it faces only limited competition.”

The ACCC, which does not generally have the power to block a deal outside Australia, will announce its final decision on August 13. In previous takeovers, it has ordered certain conditions such as asset sales.

Google wants the deal, announced in November, to help it compete with Apple and Samsung in the market for fitness trackers and smart watches.

But consumer groups have raised privacy concerns. The U.S. Justice Department is evaluating the deal, while the European Commission is due to give a ruling in July.

Following an ACCC report last year, the Australian government is working on new rules to force large internet companies to disclose their data usage, and pay for the local media content. Google and Facebook Inc oppose most of the proposed changes.

Google said it had promised not to use Fitbit data for advertisements, and to give users choice and control over their data.

“We will be transparent about the data we collect and why - and we do not sell personal information to anyone,” Google said in an email.

Fitbit was not immediately available for comment.

© Thomson Reuters 2024 All rights reserved.