Naver acquires apparel marketplace Poshmark for $1.2 billion

South Korean internet giant Naver Corp. announced this week it will acquire top secondhand apparel marketplace Poshmark Inc. for $1.20 billion. The deal is expected to close in Q1 2023. The companies expect Poshmark to grow revenue more than 20% within a year and cut costs by $30 million annually within two years, as a […] The post Naver acquires apparel marketplace Poshmark for $1.2 billion appeared first on Digital Commerce 360.