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Amazon acquires online footwear retailer

23/07/2009

Online retailer Amazon has acquired internet footwear operation Zappos.com in a deal worth almost $1 billion.Amazon chief financial officer, Tom Szkutak, said: “In terms of integration, it’s going to be a standalone business. This is about growing in categories that we think are interesting.” Zappos chief executive, Tony Hsieh, said in a company...

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