Media-Saturn acquires Redcoon completely

Media-Saturn acquires Redcoon completely

Electronics group Media-Saturn is has become owner of all 100% of the online shop Redcoon. The company has bought the remaining ten percent from co-founder Reiner Heckel. It already bought the other 90% in 2011.

Redcoon important for Media-Saturn

Redcoon is becoming more and more important for Media-Saturn: in 2012 the company sold 755 million euro of products of the internet, of which 432 million euro came through Redcoon. That was more than the 323 million brought in by the online shops of Saturn and Media Markt.

 

The online sales of the three chains comprised about 4% of total sales of Media-Saturn in 2012. The company wants to at least double this in 2013.

 

Founder withdraws

Redcoon has about 260,000 visitors daily. The company, founded in 2003, says it gets 2000 new customers each day. It is currently active in Belgium, the Netherlands, Germany, Denmark, Poland, Austria, France, Spain, Italy and Portugal. Every month 180,000 products are sold online.

 

After the transfer of the shares co-founder Reiner Heckel will withdraw from the company. His job as CEO will be taken over by vice-president of Media-Saturn, Martin Wild, until a permanent replacement is found.

 

Dutchman Patrick van der Linden will be appointed as COO. He has the same job at Media Markt China. Heckel will be available as advisor to the company.

Questions or comments? Please feel free to contact the editors


Pieter Haas, CEO Ceconomy: "We sell the consumer a digital life"

03/11/2017

MediaMarkt’s parent company, Ceconomy, has the key to consolidate the European electronics industry even more. The retailer will sell services and solutions: “We help people make the right decisions.”

Ceconomy continues growth in transitional year

26/10/2017

Ceconomy, a former part of German Metro Group, achieved a 4.6 % fourth quarter turnover increase to 5.264 billion euro. Media Market’s parent company mainly made strides online.

Fnac Darty grew 6 % in third quarter

20/10/2017

Fnac Darty has raised its third quarter turnover by 6 % to 1.792 billion euro, with growth in the Benelux as well. The company also revealed the integration of both companies is ahead of schedule.

Samsung CEO resigns despite record profit

13/10/2017

South Korean Samsung has managed a record profit in its past quarter thanks to strong chip sales. However, one of its three CEO’s still decided to resign.

Fnac-Darty introduces new board

12/10/2017

A little more than a year after Fnac and Darty merged and several months after CEO Alexandre Bompard suddenly moved to Carrefour, the French entertainment and electronics group Fnac-Darty introduced its new board.

Twelfth straight quarter of weaker computer sales

12/10/2017

Desktop computer sales have slumped once more in the third quarter, down 3.6 %. It is the third straight year of dwindling sales, according to research firm Gartner.

Back to top