Amazon launches bid for Net-a-Porter

Amazon launches bid for Net-a-Porter

American online retailer Amazon is rumoured to be in (early) talks to acquire the luxury retailer Net-a-Porter. It would be Amazon's largest ever purchase.

Most expensive purchase ever

According to American Forbes, the acquisition would be below 2 billion euro, but that would still make it Amazon's most expensive acquisition, but both Amazon and Swiss Compagnie Financière Richemont (the current owner of Net-a-Porter) have refused to comment on the matter.

 

Amazon has been on the lookout for a successful entry into the luxury market for quite a while: in 2006; it purchased fashion website Shopbop, which focused on brand clothing and in 2012, it announced its intentions to invest into luxury brands. Despite its best efforts, customers still consider "fast delivery" and "low prices" to be Amazon's main features. 

 

Net-a-Porter, founded in 2000, managed a 23 % turnover increase to 770 million euro in its past fiscal year. Despite this growth, the company still had a 20 million euro net loss, although its losses have shrunk compared to the year before.

Questions or comments? Please feel free to contact the editors


Carrefour cuts thousands of jobs in favour of e-commerce

23/01/2018

French hypermarket group Carrefour is laying off thousands of employees, CEO Alexandre Bompard announced today. His new transformation plan, focused on e-commerce, is intended to turn Carrefour into the “global leader in food transition”.

Unilever will cut jobs at Belgian retail sales team

22/01/2018

Unilever Belgium will restructure its team of store representatives and cut eleven jobs. The company confirmed that to RetailDetail.

This is how fast Amazon is growing in food

22/01/2018

E-commerce is still underrepresented in food sales, but Amazon’s American and European 2017 growth numbers are impressive. Are we close to a tipping point?

Amazon opens first cash register-free store

22/01/2018

Amazon will open its first cash register-free store in Seattle today, near its main office. The trial with its own employees will now be extended to the general public.

Will Unilever acquire tonic brand Fever-Tree?

19/01/2018

Tonic brand Fever-Tree appointed a new director, Kevin Havelock. Considering he leads Unilever’s sodas division, there is speculation that Unilever may acquire Fevertree Drinks and that has boosted its share.

Aldi Nord and Aldi Süd collaborate for animal welfare

18/01/2018

Aldi Nord and Aldi Süd will join forces for a unique collaboration: they will launch their own animal welfare quality mark. “Fair & Gut” (Fair and Good) will launch in Germany for poultry products, but steadily expand.

Back to top