According to a report from WWD, Amazon is currently in talks to buy London-based luxury e-tailer Net-A-Porter.
Net-A-Porter has been owned by Richemont since 2010. The report also reveals that some analysts have estimated the value of the e-tailer to be between $1.3 billion and $1.64 billion.
This move may come as part of Amazon’s plan to move into the luxury industry as the company has already agreed to sponsor the first-ever Men’s Fashion Week in New York this summer. CJ
Author: Canadian Jeweller Magazine Staff
Canadian Jeweller Magazine Staff is the shared byline for reporting filed by the magazine's editorial desk. Founded in 1879, Canadian Jeweller is the longest running jewellery business publication in Canada, covering market reporting, retail strategy, watches, diamonds, coloured gemstones and the commerce of the Canadian jewellery trade. Work published under this byline is edited and verified by the Canadian Jeweller editorial team in Toronto.
