Amazon may soon acquire Net-a-porter, the online e-commerce portal specialising in luxury brands owned by the Richemont group. This is reported by Wwd, which speaks of "negotiations in progress" although the details are not known. The valuation of Net-a-porter would be around EUR 2 billion. This acquisition could be the latest in a long series of moves by Amazon, which last month won the sponsorship of New York Fashion Week: Men's, the first edition of the men's fashion shows to be held in the Big Apple in July. In addition, the online retailer has also signed on as the new sponsor of New Delhi Fashion Week, which is underway these very days.
