Arvato, a subsidiary of the Bertelsmann publishing group, is taking over Netrada, a German e-commerce platform that recently filed for bankruptcy. Netrada operates more than 80 online stores in the fashion sector including those of Görtz, Esprit, C&A, Lacoste and Puma. Most of the 2,200 employees of Netrada should keep their jobs. There has been no announcement regarding the price paid by Bertelsmann in the deal, which has yet to be approved by anti-trust authorities.

Topics