South Korean internet company Naver has completed the previously announced acquisition of Poshmark, a social e-commerce marketplace, for an enterprise value of around $1.2bn, in a move to create a global player in online fashion re-commerce. The transaction, which was announced in October 2022, is expected to accelerate Naver’s strategy to build a global e-commerce […]
Naver acquisition of Poshmark : South Korea’s largest internet company Naver is set to acquire US-based social e-commerce marketplace Poshmark in a deal worth $1.2 billion. The transaction includes the purchase of all of the issued and outstanding shares of the NASDAQ-listed Poshmark for $17.9 per share in cash, representing a premium of 15% closing […]
Hero MotoCorp, an Indian motorcycles and scooters manufacturer, has roped in Accenture to help in the transformation of its supply chain transformation. Accenture will be responsible for scaling up and boosting Hero MotoCorp’s future-ready supply chain. According to Accenture, the transformation program will include planning optimization, supply chain strategy, optimization of logistics costs, and development […]