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Ashford.com sells for $400,000
By Jason Drohn
Luxi Group of New York has just finished up with an acquisition. The price? $400,000.00 for Ashford.com.
Ashford.com used to be the online retailer of jewelry and luxury goods.
According to the Miami Herald:
The deal follows Odimo’s sales last year of the domain names Diamond.com and WorldofWatches.com in separate transactions valued at almost $10 million.
Odimo is now a nonoperating publicly traded shell company that’s looking for potential merger or acquisition candidates. It has $74 million in loss carryforwards, which a business — for tax purposes — could apply to future profits.
The original source was the Miami Herald.
Topics: Domain sales |