Deliveroo appoints a new Head of Commercial and Commbank invests in BNPL platform, Klarna. Get a healthy dose of news as we uncover the day’s top stories in E-commerce.
Tiffany & Co. Enters the Indian Market
Tiffany & Co has entered the Indian market along with Reliance Brand Limited in a joint venture. The luxury jewellery store will open a store in Delhi in the second half of 2019 and one in Mumbai in the second of half 2020. “As a global luxury jeweller with stores in many of the world’s most important cities, Tiffany’s emergence in these Indian commerce centres with their growing luxury consumer base presents a unique opportunity,” explained Phillipe Galtié, Tiffany & Co’s Executive Vice President of Global Sales.
Tiffany & Co was established in 1837 and now has more than 300 stores across the globe. Reliance Brands Limited is a $120 billion market-cap conglomerate and is the number one company in India by profit. “Tiffany needs no introduction in India – it is iconic and timeless,” said Darshan Mehta, President and CEO of Reliance Brands. “We look forward to bringing Tiffany’s renowned jewellery collections and superlative diamonds to India.”
David Jones Introduces 65 Women’s Brands
David Jones is introducing 65 new womenswear brands to its collections in a 2019 S/S preview. This comes after the department store claimed that Australian retail is in the midst of a recession, s well as the store’s overall value dropping by $437 million. In order to re-brand and revamp the image of the department store, this inclusion of more womenswear is intended to lead it in a new direction. “As a first for us in a season with multiple moments of celebration, the season preview will unveil new retail spaces, over 65 new womenswear brands and marks an exciting new chapter for David Jones,” explained Bridget Veals, David Jones’ Womenswear General Manager. The new launch includes designers such as Carolina Herrera, Toni Maticevski, Roksanda and Carla Zampatti, among many others.
Commbank Partners with Klarna
Commbank is investing $100 million into the BNPL platform, Klarna. The investment only accounts for around a two per cent stake of the platform, who has recently been valued at more than $5 billion. However, this does secure Commbank as the official partner for Klarna when it launches in Australia. The launch of the BNPL platform and the backing of it by the Australian bank plays a threat to Afterpay, who has secured itself as the leading BNPL platform in the country. Klarna recently launched in the US and has utilised big celebrities and artists such as Snoop Dogg, drag queens and influencers to promote the platform – read more about it here.
Deliveroo Appoints Laura Huddle as Head of Commercial in Australia
Food delivery service, Deliveroo, has appointed Laura Huddle as the Head of Commercial. After nine years at Eventbrite, Ms Huddle has previous experience as Head of Sales & Business Development for the Asia Pacific and Head of Marketing – Australia & New Zealand. “This is an incredibly exciting time to be joining Deliveroo, a company that is focused on transforming the way people think about and experience their favourite foods. Partnering with and enabling the success of Australia’s best and most-loved restaurants is key to this,” Ms Huddle said in a statement.
“We couldn’t be more excited to be adding Laura to an already strong leadership team in Australia. Laura is a proven tech expert and brings more than a decade of product, marketing, and sales experience in leading roles across both Australia and San Francisco, where she’s worked at the heart of the world’s start-up sector for Eventbrite, University of California Berkeley, and Myspace,” said Merten Wulfert, Managing Director APAC of Deliveroo. “We can’t wait to see how Laura drives engagement, strategy, and growth with our restaurant partners who are at the centre of our business in Australia.”
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