Russia's Yandex pulls out of deal to buy online fashion retailer KupiVIP

Russia's Yandex pulls out of deal to buy online fashion retailer KupiVIP

Unplugged computer monitors are seen through a glass door in the office of the Russian internet group Yandex in Kiev, Ukraine, May 29, 2017. REUTERS/Valentyn Ogirenko/Files

Russian tech giant Yandex said on Friday it was pulling out of a deal to buy online fashion retailer KupiVIP, but is considering alternative outlets in the fashion sector.

Yandex said in May it had agreed to buy the online retailer on undisclosed terms to enhance its Yandex.Market offering.

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