KupiVIP news and archive

Yandex, “Russia’s Google”, buys online fashion retailer KupiVIP

Yandex, the so-called ‘Google of Russia’, has announced it has agreed to buy online fashion retailer KupiVIP. The deal will be completed after the summer. Yandex will buy and then integrate online clothing store KupiVIP into Yandex.Market, the company said in a statement Monday. The deal should be completed in the third quarter of this year,...

Fashion

KupiVIP to go public in New York to raise 125 million

KupiVIP, a leading Russian fashion e-tailer, has spilled the beans on its intentions to go public in 2014, aimed to rise up to 125 million dollars. New York will be the flotation’s scenario, according to KupiVIP’s CEO and founder Oskar Hartmann. The funds will be allocated to build out its logistics system, explained founder and CEO of the...

Fashion

Russian e-tailer KupiVIP flirts with New York IPO

Russian online retailer KupiVIP has announced its intention to study an initial public offering in New York within in the next two years, aimed to raise at least $120 million. "We have already made quite good progress and it (an IPO) is likely to take place within two years. We need to grow to reach the size (of business) that allows us to do a...