Dante International (trading as eMAG) has announced the acquisition of a minority stake in Zitec COM for €1.7m ($1.8m).

Dante is an online retailer of consumer products, while Zitec is a software company.

Both companies are based in Romania.

"Zitec will utilise the funds to expand its business and hire new employees."

Zitec will utilise the funds to expand its business and hire new employees.

Korean beauty brand Its Skin has announced its merger with Hanbul Cosmetics .

Hanbul Cosmetics, a consumer goods company based in Korea, will be dissolved following the merger and the merged entity will be named Its Hanbul.