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Richemont Buys Net-a-Porter in $530 Million Deal

In eCommerce, Industry News, What's New by Accessories StaffLeave a Comment

Geneva–Luxurygoods group Richemont, which had been tentative about exposure of its high-end luxury watch and jewelry brands into ecommerce, agreed last week to buy online fashion portal Net-a-Porter for $530 million. Establishd in 2000, Net-a-Porter sells collections from more than 300 fashion designers, shipping to more than 170 countries. It recently …