December 9, 2002, 12:00 AM

Diamond.com will acquire Ashford.com from GSI Commerce

GSI Commerce will become a shareholder in Diamond.com as part of the sale of Ashford to the online jewelry retailer.

Online jewelry store Diamond.com has agreed to buy upscale gift retailer Ashford.com from GSI Commerce Inc. GSI, which made its mark in the Internet retailing world as Global Sports, the operator of major sporting goods retailers, bought Ashford just over a year ago as a way to diversify its web offerings.

Before its acquisition by GSI Commerce, Ashford.com was a public company with annual revenues of more than $45 million. As part of the deal, GSI will become a shareholder in Diamond.com.

“The strong brand heritage and loyal customers of Ashford create an excellent match with our luxury goods infrastructure and overall category expertise,” said Alan Lipton, president and CEO of Diamond.com.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Ken Westin / E-Commerce

Cybersecurity: Understand the risks and plug the holes

Criminals know how to exploit Internet vulnerabilities to penetrate retailer’s networks. Here are some insights ...

FPO

Miroslav Zubachevsky / E-Commerce

Don’t write off Russia

Despite the political conflict in the Ukraine, there remain big opportunities for Western brands to ...

Advertisement