Naver Completes Acquisition of Poshmark – PR Newswire
SEONGNAM, South Korea and REDWOOD CITY, Calif., Jan. 5, 2023 /PRNewswire/ — Naver Corp. (KRX: 035420) (“Naver”), Korea’s largest internet company, today announced the completion of its previously-announced acquisition of Poshmark, Inc. (“Poshmark”).
With the completion of the transaction, Naver and Poshmark together will create a global player in online fashion re-commerce by combining Poshmark’s unique discovery-based social shopping platform and deeply engaged community with Naver’s technological prowess in upleveling the e-commerce experience. As the definitive brand for fashion in the United States, Poshmark accelerates Naver’s strategy to build a global e-commerce community portfolio to capture growth in large untapped markets around the world. Poshmark benefits from Naver’s leading technology, expertise in Asia, and successful track record of backing e-commerce platforms globally.
Together, the companies expect to increase purchase conversion rates, deepen user engagement,…
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source: https://news.oneseocompany.com/2023/01/05/naver-completes-acquisition-of-poshmark-pr-newswire_2023010538898.html
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