Media-Saturn acquires majority stake in iBood.com

Media-Saturn acquires majority stake in iBood.com

The Media-Saturn Holding has acquired a majority stake in Dutch flash sales site iBood.com. A similar deal was also on the cards several years ago, but back then Media-Saturn's founder Erich Kellerhals protested and the deal fell through.

Electronics Online Group

With a majority stake in iBood.com, the seemingly endless bickering has now come to an end. Media-Saturn wants to use the website to continue its online expansion, by adding it to the Electronics Online Group containing all of its "pure players", with Redcoon as the front-runner.

 

In return for a minority stake, Metro Group already provided iBood.com with funds last year, which were used to create a new, responsive design for its website. J├Âran Prinssen and Dennis Sanders, who founded iBood ten years ago, will stay on as managing partners.

Questions or comments? Please feel free to contact the editors


Alibaba exceeds expectations

17/08/2017

Chinese Alibaba has trumped analysts’ turnover and profit expectations with its first quarter results. Its profit even doubled compared to the year before.

Aldi will home deliver in the United States

16/08/2017

German discounter Aldi is starting one-hour deliveries for online orders in the United States, using startup Instacart. Amazon’s reaction was swift: it will test lockers in which custumers can collect items two minutes after ordering them.

Yoox-Net-a-Porter thrives thanks to mobile surge

03/08/2017

Online retailer Yoox-Net-a-Porter has managed to beat analysts’ expectations in the past fiscal year, thanks to a surge in mobile sales. For the first time ever, these sales contributed more than half of the retailer’s total turnover.

Lidl constructs new distribution center in Venlo

01/08/2017

Lidl will open a new distribution center in Venlo, which will cater its web shop’s customer base. The distribution center is not a Lidl Netherlands project, but apparently an international project.

Amazon places own pick-up lockers at consumers' homes

31/07/2017

Amazon announced The Hub, a system of pick-up lockers that can be placed everywhere. They come in different sizes and can be placed both inside or outside of buildings.

Amazon's profit takes enormous hit

28/07/2017

American Amazon’s profit plummeted in the second quarter and is also lower than what analysts had predicted, despite a 25 % turnover increase.

Back to top