Skip to main content

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

News & Analysis

Blue Nile Selling to Private Firms for $500 million

The Seattle-based company is being bought for $40.75 per share by funds managed by Bain Capital Private Equity and Bow Street LLC.

Blue Nile fine jewellery | Source: Blue Nile

By

Associated Press

07 November 2016

NEW YORK, United States — Online jeweller Blue Nile is being sold to a group of investors for $500 million in an all-cash deal.

The Seattle-based company is being bought for $40.75 per share by funds managed by Bain Capital Private Equity and Bow Street LLC.

The deal marks a 33.9 percent premium to Blue Nile's closing share price on Friday.

Blue Nile will become a privately held company after the deal closes, which is expected to be in the first quarter of 2017.

ADVERTISEMENT

The company was founded in 1999 and has faced increasing competition as other online competitors entered the market and traditional retailers bolster their online sales presence.

Related Articles:

[ US Online Jeweller Blue Nile Experiments with Brick and MortarOpens in new window ]

In This Article

Topics

News & Analysis

Organisations

Blue Nile

Location

New York, United States

Tags

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from News & Analysis

Fashion News, Analysis and Business Intelligence from the leading digital authority on the global fashion industry.

Join Imran Amed and the BoF Professional Community During London Fashion Week

From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.

The 10 Themes That Will Define the Fashion Agenda in the Year Ahead

The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.

The Defining Fashion Stories of 2023

Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.

BoF Celebrates VOICES 2023 With Star-Studded Gala

After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

CONNECT WITH US ON

The Business of Beauty Global Awards - Deadline 30 April 2024

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.

The Business of Beauty Global Awards - Deadline 30 April 2024