Tuesday, November 8, 2016

Seattle e-commerce pioneer Blue Nile agrees to be sold to private equity firm

Image result for blue nile showroomOnline jeweler Blue Nile agreed to be acquired by a private investor group for nearly $500 million, sending its stock soaring nearly 34 percent Monday.

The Seattle company said it will be acquired by funds affiliated with investment firms Bain Capital and Bow Street.

Recently, Blue Nile has been experimenting with small brick-and-mortar showrooms in malls — an avenue company executives find promising.. . . more

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