Lawmakers pressed top U.S. antitrust enforcers on their probes of tech giants Google, Facebook and Amazon on Wednesday, with the chair of a House subcommittee expressing frustration over the firms' acquisitions.
Amazon Fashion has launched five of its own private-label brands in Europe, but another 103 have already been introduced in the US by the web giant, although it denies claims it is competing with client brands.
Despite the good intentions of both companies and consumers, the luxury industry is struggling to adopt truly sustainable practices, except via the circular economy, as illustrated by the Pambianco Summit debate.
Alphabet unit Google's proposal to create a level playing field for price comparison shopping rivals to stave off fresh fines has not led to more traffic for its competitors, Europe's antitrust chief said on Thursday.
Wearable device maker Fitbit Inc reported its first drop in revenue in five quarters on Wednesday as it faced intense competition from deeper-pocket companies such as Apple Inc and Samsung Electronics Co.