Amazon in talks to buy online luxury retailer Net-a-Porter: Forbes

March 27, 2015 admin amazon, colorado, first-reported, industry-trade, luxury-retailer, negotiations, net-a-porter, new-commitment, strong-presence, valuation, women

(Reuters) – Amazon.com is in talks to buy online luxury retailer Net-a-porter in what could be the biggest acquisition yet for the e-commerce giant, but the negotiations are in early stages and could fall apart, Forbes reported, citing a person familiar with the matter. The potential deal, first reported by Women's Wear Daily, could value Net-a-Porter lower than the valuation of 2 billion euros ($2.16 billion) reported by the fashion industry trade journal, Forbes reported on Thursday, citing the person. Seattle-based Amazon has long eyed the high-end fashion retail sector and any deal for Net-a-Porter would mean a new commitment in an area where the company lacks a strong presence, Forbes said.

More here:
Amazon in talks to buy online luxury retailer Net-a-Porter: Forbes