South Africa’s largest fashion and lifestyle retailer, TFG, wants to build up its newly launched technology hub to more than 100 new staff, its CEO said on Thursday.
Browsing: Luke Jedeikin
The late Monday afternoon announcement that online fashion retailers Spree and Superbalist would merge ought not to have caught anyone unawares. Both e-commerce players are already majority owned by Naspers: it owns
Online retailer Takealot.com has acquired 100% of the equity of Superbalist.com, a design and apparel online retailer founded four years ago. The deal comes just three months after Takealot announced that it had raised more than R1bn from Tiger Global Management, an international investment
E-retailer Wantitall has invested in Citymob, another online retailer, which specialises in selling a curated range of products for the design minded. The investment offers Citymob improved systems, logistics, warehouse facilities, increased access to customers and better supplier relationships
When the group-buying market took off in South Africa, entrepreneurs Luke Jedeikin and his partner Mikael Hanan, decided they should look to make their fortunes elsewhere and their start-up, Citymob, started in March 2011, moved from pushing digital discount vouchers to selling carefully