James Allen, a diamond online retailer, announced that the investment company Francisco Partners acquired its basic share for $ 140 million.
The companies did not disclose terms of the transaction and how to use the funds paid, except for the fact that the investment will accelerate the rapid expansion of the retailer.
Francisco Partners investment provided her with almost 50% of the shares of the New York R2Net network, which belongs to James Allen. Thus, the retailer was rated slightly less than $ 300 million, reported the Israeli newspaper Globes on Sunday.
"Investing Francisco Partners emphasize the success achieved by James Allen, as well as confidence in the company's ability to stimulate the further destruction of the traditional system of physical retail jewelry stores, and offer the best selection and prices", - said at the James Allen in the past week.
According to the company, the volume of operations James Allen has tripled over the past two years. On the website of the retailer currently lists nearly 150 000 individual diamonds and hundreds of varieties of rings, which allows consumers to customize their preferences when buying jewelry. The site also provides the 360-degree display of diamonds, which allows visitors to view images of real stones close up.
http://digg.com/u/jetjewelry
1 comment:
November's website De Beers was the most low this year and brought us only about $ 70 million. Oktyabrsky website Group was estimated at $ 200 million.
Kandjoze also said that he discussed with the Diamond Council of Namibia (Diamond Board of Namibia) the ability to change individual sections of the Act on diamonds.
He, however, did not stop on the details of possible changes in legislation.
Analyst of the diamond industry and journalist Chaim Even Zohar (Chaim Even Zohar), which is coordinated by one of the discussion sessions of the conference, said that Namibia is still in a good position despite the slowdown in the diamond industry, as the country produces some of the best and therefore the most valuable the world's diamonds.
It is expected that Namibia will produce 1.8 million carats of diamonds this year.
Post a Comment