As part of the deal eBay will assume brands4friends’ equity interests in UK shopping club SecretSales.com and in Japan’s brands4friends.jp, it said.
The deal is expected to close in the first quarter of 2011.
Brands4friends, which has about 3.5 million members in Germany, sells goods from fashion and lifestyle brands including Buffalo, Calvin Klein and Diesel. The Berlin-headquartered company was founded in 2007 and employs about 200 people, eBay said.
(Published 20 December 2010, 15:54 IST)
JOIN US