March 13, 2001, 12:00 AM

buy.com completes sale of its U.K. operations

Buy.com completed the sale of buy.com UK to the John Lewis Partnership, Britain`s leading department store group.

Buy.com completed the sale of buy.com UK to the John Lewis Partnership, Britain`s leading department store group and the owner of the Waitrose supermarket chain. The John Lewis Partnership will develop its Internet offer based on the buy.com UK technology and customer service platform. The existing buy.com UK business will continue in parallel with the John Lewis business. The two businesses will maintain their own distinct web sites. The terms of the deal remain confidential. The UK operations will not require any further cash investments from buy.com US, allowing the company to focus its resources on its domestic U.S. business.

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