Neiman Marcus Group has bought Mytheresa.com, a German luxury apparel and accessories retailer. With this acquisition the American department store is expanding its international reach. With online sales representing 24 percent of total sales, Neiman Marcus already has a large ecommerce business, but its latest addition gives the company exposure to a growing online luxury market outside the USA.
Here you’ll find all the ecommerce news articles we’ve written about acquisitions. This news may come in handy when you want to see what kind of acquisitions were made the last couple of months or even years.
Naspers is considering a sale of its ecommerce site Ricardo.ch. The largest online retailer in Switzerland is owned by Naspers since 1998, but according to Bloomberg the South-African media group is looking for a new buyer. Apparently, preparations for a sale are at an early stage.
Etsy, the website where you can buy and sell handmade or vintage products, has made its biggest acquisition, by buying the Paris-based website A Little Market, an online marketplace where also handmade goods can be bought and sold. Etsy is more and more expanding internationally and its strategy is to go deeper into local markets.
Design-focused online retailer Fab has acquired One Nordic Furniture Company, which is – if you may have guessed – a furniture company that’s active in the Nordic countries. Hopefully the acquisition can help Fab, as the ecommerce company has had some trouble finding its definite footing.
Takeaway.com has received 74 million euros worth of funding from investment companies Macquarie Capital and Prime Ventures. It’s not the first time the Dutch company, specialized in online food ordering and home delivery, got funding as it received an investment of 13 million euros from Prime Ventures back in 2012.
Backcountry has acquired Bergfreunde.de, an European ecommerce site that sells all kinds of outdoor equipment and serves customers in Germany, Austria and Switzerland. The purchase marks the entry of American-based Backcountry into the European market. The company wants to build the first globally scaled outdoor ecommerce business.
Elanders has acquired Myphotobook, a German company that sells personalised photo products for consumers. With the acquisition the Swedish company is now one of the leading players in Europe. Elanders bought Myphotobook for 10.5 million euros from investment holding company Holtzbrinck Digital.
Food delivery service Foodpanda has launched in the Czech Republic. At almost the same time the Rocket Internet company acquired a competitor in Brazil to strengthen its presence in Latin America, where it’s operating under the name Hellofood.
Otto Group, one of Europe’s biggest online retailers, wants to fully acquire the ecommerce assets of Groupe 3SI, a huge online retail company in France. Otto already owns a 51% stake in the company since 1981, but now wants the whole ecommerce deal.
SAP plans to acquire Hybris, a company that sells enterprise multichannel ecommerce software. With the announced acquisition SAP wants to deliver a better e-commerce platform, focused more on multichannel ecommerce.
French ecommerce company MenInvest has acquired the London-based online retailer Oki-ini for an undisclosed amount. Two of Oki-Ni’s co-founders will join the company’s board as shareholders and will advisor the Group. The acquisition is all part of MenInvest’s plan to reach €100 million in revenue by 2016.
Foot Locker is only a few steps away from buying the Germany-based store and online retailer Runners Point. The American retailer of sportswear and footwear has paid 94 million dollars (€72 mln) for the company but the deal still has to get a green light from the German authorities.