Amazon denies rumors claiming it's on the cusp of a huge acquisition

Advertisement

Amazon denies reports that it's in talks to acquire London luxury fashion site Net-A-Porter, Forbes reports.

Advertisement

Women's Wear Daily first reported that the two companies were in conversation Thursday morning. Forbes also reported the news Friday morning, saying at the time that Net-A-Porter's valuation of 2 billion euros could make it Amazon's biggest acquisition ever.

At the time, an Amazon spokesperson told Business Insider and other outlets "As a company, we do not comment on speculation or rumour."

Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

However, an Amazon spokesperson denied the report to Forbes outright Friday afternoon, saying that "We are not in talks to acquire Net-A-Porter."

Although all bets seem to be off, the acquisition would have made sense: Amazon has been revving up its focus on luxury fashion since 2012.

Advertisement

Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions.