|
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.
"It's Day 1 in the category," Amazon Chief Executive Jeff Bezos
told the New York Times in an interview in 2012, saying the
company was making a "significant" investment in fashion to
convince top brands that it wanted to work with them, not
against them.
Media reports in 2014 said Amazon was in talks to buy Indian
fashion retailer Jabong.com for $1.2 billion.
Net-a-Porter is owned by luxury goods group Richemont, which
bought the London-based company for 392 million euros in 2010.
A spokeswoman for Net-a-Porter said the company does not comment
on industry speculation.
Amazon.com and Richemont could not be immediately reached for
comment outside regular business hours.
(Reporting by Ankush Sharma in Bengaluru; Editing by Anupama
Dwivedi)
[© 2015 Thomson Reuters. All rights
reserved.] Copyright 2015 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
