“Sunrise-based Odimo, the one-time online retailer of jewelry and luxury goods, has sold the Ashford.com domain name for $400,000 to private holding company Luxi Group of New York. ((Source: 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.”
Loading ...
