Walmart telt 3,3 miljard dollar neer voor Jet.com

Walmart buys Jet.com for 3.3 billion dollars

Walmart buys Jet.com for 3.3 billion dollars
http://www.shutterstock.com/pic-385011994/

Walmart reached a deal to acquire online retailer Jet.com, a deal that had been lingering for a few days but has now been officially announced. Walmart will pay 3.3 billion dollars (3 billion euro) to acquire the company.

 

Continue online growth

Walmart and Jet.com hope to finalize the deal this year, with a majority of the sum paid in cash, while 300 million dollars will be turned into Walmart shares.

 

Jet.com and Walmart will continue to operate as two separate entities, despite the acquisition. Walmart will focus on low prices, while Jet.com will target a more mainstream audience.

 

Marc Lore, Jet.com's CEO and co-founder, will also join Walmart, bringing a wealth of online experience to the company.

 

Walmart hopes Jet.com's acquisition will help continue the company's online growth. Currently, it trails Amazon as the largest online retailer in the United States, but its growth has slowed down a lot over the past few months.

Questions or comments? Please feel free to contact the editors


Gerelateerde items

Smyths Toys acquires Toys ‘R’ Us in Central Europe

23/04/2018

Irish Smyths Toys has announced a deal with bankrupt toys giant Toys ‘R’ Us to take over all of its 93 stores in Germany, Austria and Switzerland. Financial details about the deal were not disclosed.

Hans Anders surpasses 200 million euro turnover mark

12/04/2018

Dutch optician chain Hans Anders’ turnover grew 6 % last year, to 203.7 million euro, but it also announced it would divest from the French market.

Chinese investment group now owns fashion chain Naf Naf

12/04/2018

French fashion chain Naf Naf, part of the Vivarte group, has a new owner. A chinese group, led by fashion group La Chapelle, paid 52 million euro to acquire it.

Will Hema struggle to get sold?

11/04/2018

Dutch department store chain Hema, on sale since September, is not attracting much attention, because interested parties feel it is overpriced. Previous attempts to sell the company have also failed. 

French Connection sells Toast to Bestseller group

10/04/2018

British fashion retailer French Connection, known for its FCUK quote, has sold its Toast subsidiary to Danish clothing group Bestseller, which also owns brands like Vero Moda and Jack & Jones.

Ssense acquires and pulls the plug on fashion platform Polyvore

09/04/2018

Polyvore, a well-known American social media network and fashion inspirational platform, has been shut down as soon as e-commerce group Ssense acquired it. The users are dismayed and immediately launched a petition.