What is the Monday Morning Coffee with Spaycial? Every Monday morning, our editorial team brings you 5 need-to-know news from its weekly readings, to read in less than 5 minutes.
What's on the menu this week ?
1. Siec 2021. Live retail events are back! Last week, our Spaycialists were at the big Paris retail and shopping show. A great opportunity for on-site networking after close to a couple years of Covid leaving our teams at home. There, we observed two market trends :
- Shopping centers are looking to acquire new shoppers in their existing malls rather than build new ones.
- The redevelopment of those centers in a post-Covid era is based on local network and economy.
2. French Tech in UAE. Following Siec, our Spaycialists will now fly to Dubai for the "French Tech Tour Middle East". 5 days of unique immersion in the heart of the Middle East Tech ecosystem on the sidelines of the Dubai World Expo. Always good to know that the Vision 2030 of all Middle Eastern countries are based on fully digitalised economies. A perfect time for Spaycial to hold B2B meetings with local partners having shown interest to our products. More info here.
3. Here's a wow number for you : 64 deals in France the first three quarters of the year, for a total amount of 1.22 billion euros! The French fintech industry has seen a record number of fundraising deals in the first nine months of the year. Companies in the sector have raised as much money over this period as they have in the last three years! This represents an average of just over €19 million per round. Impressive market. Read more.
4. Speaking of fintech, here's an interesting diversification move as Klarna, Swedish Buy Now Pay Later giant, just acquired Inspirock, a Palo Alto-based travel company. Klarna wants to enable its 90 million users to easily and quickly plan personalized travel itineraries. More on this deal.
5. To finish, some good news for stores and brands. Shoppers are gradually making their return to large shopping centers, ready to spend more than usual.
Deloitte and CNN Business add some numbers to this coming holiday shopping wave, from the other side of the Atlantic ocean, as shoppers are expected to spend 5% more this year. It's now up to the brands and stores to make the most of it."We want to treat ourselves after all this, so we take advantage of it for shopping", says shopper on franceinfo.