SSG.com acquires W Concept

SSG.com, Shinsegae Group’s e-commerce arm, has acquired W Concept, a Korean online fashion platform. SSG.com is working on increasing its online fashion business, and with W Concept being one of Korea’s largest department stores, they had been eyeing the company for some time. The deal would see SSg.com acquire 100 percent of W Concept from IMM Private Equity and ISE Commerce. The deal is still contingent on approval from the Korea Fair Trade Commission.