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Zalando aims for $11bn in sales by seeking tech edge

Bloomberg Zalando SE, Europe’s biggest online fashion retailer, is making investments to set its service apart from competitors, including a potential tie-up with smartphone car service Uber Technologies Inc. The German e-commerce player is trying to gain market share and boost profitability by building new systems that can make it easier for brands such as Adidas AG or Nike Inc. ...

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Vermont brings food industry to its knees over GMO labels

MONTPELIER / AP General Mills’ announcement that it will start labeling products that contain genetically modified ingredients to comply with a Vermont law shows food retail companies might be throwing in the towel, even as they hold out hope Congress will find a national solution. Tiny Vermont is the first state to require such labeling, effective July 1. Its fellow ...

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Ousted Fastjet CEO says currency slide to blame for Africa woes

Bloomberg Fastjet Plc Chief Executive Officer Ed Winter, who is poised to leave the African discount airline after clashing with investor Stelios Haji-Ioannou over mounting losses, said he still thinks the continent is on the cusp of a transformation into a viable aviation market. Without an unexpected slump in currencies spanning the South African rand to the Kenyan schilling, Fastjet ...

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