A new survey showed apparel as the most popular category on Amazon.
Antitrust regulators approved Amazon's planned $13.7 billion acquisition of Whole Foods shortly after the grocer's shareholders voted to approve the deal.The shareholders met at the grocery chain’s headquarters in Austin, Tex., early on Wednesday, and later that day, the Federal Trade Commission's acting director of its competition bureau, Bruce Hoffman, effectively approved the deal by ending a cursory investigation into any antitrust implications."Based on our investigation we have decided not to pursue this matter further,"Hoffman said. "Of course, the FTC always has the ability to investigate anticompetitive conduct should such action be warranted.”Even though the transaction itself doesn’t raise obvious antitrust red flags, there have been growing concerns over what effect the merger might have on other grocery stores.The current plan is for completion of the transaction by the end of 2017. The deal is still subject to other customary closing conditions.Amazon said in June that it would pay $42 a share in an all-cash deal that includes Whole Foods’ debt. The grocery chain, which has sales of $16 billion, has 460 stores across the U.S., Canada and the U.K. Employees total 87,000 in number.When the proposed transaction was announced on June 16, Whole Foods cofounder and chief executive officer John Mackey said, “This partnership presents an opportunity to maximize value for Whole Foods Market’s shareholders, while at the same time extending our mission and bringing the highest quality, experience, convenience and innovation to our customers.”Mackey is slated to continue as ceo of the grocery chain, and its headquarters is expected to remain in Austin.Amazon has been expanding into different categories. It recently launched its own private-label brands, has inked deals with big names such as Nike and set up a box delivery program called Prime Wardrobe.The e-commerce market platform hasn’t had much success in the grocery business. The thinking among some is that Amazon could use some of the space in Whole Foods to provide space for either showcasing select items available at Amazon.com or for pick-up to help expand its same-day delivery distribution network. Others think Amazon might leave the business as is for now as it learns from Whole Foods how it manages day-to-day operations in a brick-and-mortar setting.
A room full of toiles at the haute couture atelier in the Dior exhibition at Les Arts Décoratifs, open in Paris since July 5. This is just one of three major exhibitions that have been timed to coincide with the house's 70th anniversary. See the rest of the exhibits, plus read WWD's look into the iconic brand's history. Link in bio. #wwdfashion (📷: @dominiquemaitre)
For spring, Pamplemousse's Danica Zheng presented her signature slip dresses attached to a white T-shirt along with floral windbreakers, off-the-shoulder cotton blouses and more. For more highlights from the New York trade shows, go to WWD.com. #wwdfashion
The Green Carpet Fashion Awards closed out Milan Fashion Week yesterday. The fashion industry flocked to the event, showing its efforts to support and spread the message of sustainability. Supermodel Gisele Bündchen said "if each one of us took at least one step is this direction, there is no saying how much could be done." #wwdeye #wwdfashion #mfw (📷: Lodovico Colli di Felizzano)
Etro’s show, titled “The Tree of Life,” was a celebration of the house’s 50th anniversary. “My father founded the company in 1968, which was the year of counterculture and psychedelia. It’s really a show that celebrates that and the paisley design of India and its origin,” said Veronica Etro. #wwdfashion #mfw #ss18 (📷: @delphineachard)
For @msgm’s spring 2018 show, creative director @massimogiorgetti said “Words, sounds, colors. Synthesis and therapy of a collection,” were the inspirations behind the collection, showing today. Read the rest of Milan spring 2018 inspirations on WWD.com. #mfw #wwdfashion #ss18
For her first solo album in over 10 years, Fergie tapped Carine Roitfeld, Mert and Marcus, Giovanni Bianco and more to create a fashion-focused video approach for the record, Double Dutchess. "Giovanni really helped me get back in touch with my tomboy side, my hardside," said the singer. #wwdeye #wwdfashion ( : @slovekinpics)