Amazon.com Invests in WineShopper.com
Page 1 of 1
The Napa, Calif.-based Internet start up, which launched Tuesday, will offer consumers access to the largest selection of wines available anywhere. Though currently only serving clients in Florida, the company plans to serve 70 to 80 percent of the United States by Christmas.
"The Internet represents a tremendous opportunity to effectively serve the $100 billion global wine market -- it allows us to turn a buying experience that is information-deficient and intimidating in the physical world into a very information rich, satisfying shopping experience," Peter Sisson, WineShopper.com founder and chief executive officer.
The deal with WineShopper.com mirrors the drugstore.com agreement to an extent, in that the juggernaut recently invested an $30 million in both businesses. The bookseller put its second investment in drugstore.com last January amid a string of stakes in Kozmo.com, Audible (ADBL) and Living.com. The major difference is that drugstore.com's brand became a permanent part of the Amazon.com architecture.
WineShopper.com has developed a network of valuable content partnerships, including Wine Spectator, WineToday.com, The New York Times on the Web, and Boston.com, Wine & Spirits, Food & Wine and Connoisseurs' Guide to California Wine. Site visitors will be able to access reviews, ratings and editorial material from these and other leading content partners.