News
The sleep business in Europe is worth £26bn, with half a dozen online mattress groups like Simba and Casper rushing to market. The week Eve, an online mattress brand, revealed that its costs are soaring and the groups loses are even higher even after raising £35m and being valued at £140m on the London Stock Market. To find out more about the online mattress industry, click here.
Founder of Séraphine, Cecile Reinaud, opens up about the trials and tribulations of setting up your own business as well as the transition from high-street retailer to e-commerce business. To read this article, click here.
ZPG plc has acquired Money.co.uk for £80 million on a cash-free, debt-free basis. To read more on this transaction please click here.
The walkie-talkie app allowed people to communicate with each other, locate victims and get directions to the people in need during the tirade of Hurricane Harvey. Zello teamed up with the Cajun Navy to create a channel for volunteers to communicate and help the victims of Hurricane Harvey. To read more on this please click here.
Online retail in the UK is currently compounding at a rate of more than 30 percent of the country’s total retail. Online retail and e-commerce is growing exponentially and within in 3 years, 3 companies – Amazon, Alibaba and eBay – will control 40 percent of the world’s e-commerce. Within 15 years, e-commerce will overtake conventional retail sales in developed nations, as a new wave of pervasive technologies take hold. To read more of this article click here.
To read Boohoo’s interim results for the six months ended 31 august 2017 click here.
To read Yoox Net-A-Porter Group’s 2017 first half results please click here.
Ardent advised Wetsuit Outlet on their recent raise of £5m (€5.59m) from Mobeus Equity Partners.
Wetsuit Outlet sells technical clothing and equipment for water sports in more than 160 countries. It has reported 30 per cent revenue growth per annum over the past three years and expanded into the equestrian and field sports markets.
If you would like to read more on this deal please click here.
To read Moneysupermarket’s interim results for July 2017 please click here.