Russia’s Ozon.ru Is Selling Its Zappos Clone Sapato.ru To KupiVIP

Some downsizing underway for Ozon.ru, the e-commerce portal commonly referred to as the Amazon of Russia. The company has sold Sapato.ru — the “Zappos of Russia” that it acquired three years ago — to online fashion retailer KupiVIP. Terms of the deal have not been disclosed by the companies. According to reports, they don’t sound great. Russian finance… Read More