A boom in online luxury goods sales is finally convincing high-end watchmakers, long sceptical that customers would pay thousands to buy intricate timepieces on the web, to step up their investments in e-commerce.
U.S. credit card processing company Vantiv secured a deal to buy British-based rival Worldpay for 8 billion pounds ($10.4 billion) on Wednesday in a bid to create a $29 billion global payments powerhouse.
France's Interparfums said on Tuesday that it had a 'Non Disclosure Agreement' with luxury shoe retailer Jimmy Choo and was therefore not able to discuss reports that it was among potential bidders for the company.
The news flow around Jimmy Choo’s sale may have been pretty slow since it was first put on the block a few months ago but at least we now know some of the interested bidders. Step forward Michael Kors.