Jet, through its parent Walmart, has acquired ShoeBuy from IAC for approximately $70 million. This acquisition closed on December 30, 2016. Below are some key facts about the deal.
Who is ShoeBuy?
ShoeBuy is a leading online footwear, clothing and accessories retailer.
ShoeBuy carries more than 800 brands and over a million items including footwear for women, men and kids, as well as clothing and accessories, such as outerwear and handbags.
ShoeBuy was founded in 1999, as one of the first companies to sell shoes online. It is headquartered in Boston, MA... READ MORE