Amazon launches a partnership with Commbank and PayPal acquires Honey. Get a healthy dose of news as we uncover the day’s top stories in e-commerce and retail.
PayPal Acquires Honey
PayPal is set to acquire Honey, a shopping rewards platform for approximately $4 billion. Honey works with 30,000 online retailers and has an average of 17 million monthly active users. “Honey is amongst the most transformative acquisitions in PayPal’s history. It provides a broad portfolio of services to simplify the consumer shopping experience, while at the same time making it more affordable and rewarding,” said Dan Schulman, president and CEO of PayPal.
“The combination of Honey’s complementary consumer products with our platform will significantly enhance our ability to drive engagement and play a more meaningful role in the daily lives of our consumers. As a partner of choice for our merchants, this is another way that we can help them build and strengthen their customer relationships, provide personalized offers, and drive incremental sales. The combination of Honey and PayPal adds another significant and meaningful dimension to our two-sided platform.”
Daniella Vitale Named Chief Brand Officer at Tiffany & Co.
Daniella Vitale is the new CBO of Tiffany’s. The former Barneys CEO will begin her new role on December 1st, following the collapse of the New York department store. “Daniella is a brand leader who has been successful in leveraging her strong product sensibility and appreciation for data and analytics to evolve a business,” said Alessandro Bogliolo, Chief Executive of Tiffany’s in a statement.
Amazon Introduces Click & Collect with CommBank
“Since launching Amazon.com.au in 2017, we’ve committed to making e-commerce rooted in low prices, vast selection, and convenience a part of everyday life for Australian customers,” explained Patrick Supanc, Director of Amazon Hub. “We’re excited now to partner with large and small businesses in Australia to extend Amazon’s exceptional customer service and innovations in delivery by offering a quick and simple pickup experience.”