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Article: LIQUIDATION.COM: GROUPE ARNAULT'S U.S. PICK; INTERNET INVESTMENT ARM OF FRENCH MOGUL INVESTS $11.2 MILLION IN CLOSEOUT SITE.
- Article from:
- Daily News Record
- Article date:
- June 30, 2000
- Author:
CopyrightCOPYRIGHT 2000 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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There might be a bit of a chill in the air for luxury e-tailing with such recent entities as Boo.com and MenSelect.com pulling up their cyberstakes, but the hardcore B2B Web sites playing to the off-price surplus market are apparently alive and well.
And the latest proof comes from Liquidation.com, which recently had a financial shot-in-the-arm of $11.2 million from none other than Europ@web.com, the Internet investment arm of LVMH Moet Hennessy Louis Vuitton chief Bernard Arnault, the fashion mogul.
Although just days later an announced IPO for Europ@web.com was abruptly pulled at the last minute, it hasn't had any effect whatsoever on the Washington, ...