Site icon Digital Commerce 360

Naver acquires apparel marketplace Poshmark for $1.2 billion

South Korean internet giant Naver Corp. announced this week it will acquire top secondhand apparel marketplace Poshmark Inc. for $1.20 billion. The deal is expected to close in Q1 2023. The companies expect Poshmark to grow revenue more than 20% and cut costs by $30 million annually within two years, as a result of the […]

Exit mobile version