Jumia Technologies will close its South African online fashion retailer Zando by the end of the year.
Browsing: Zando
South Africa’s Zando hopes to tackle fast-fashion Chinese e-commerce retailers Shein and Temu in its home market.
Online shoppers are happiest with Kalahari.com, a new survey has found. Research and consulting firm Columinate says Kalahari emerged as the clear winner in the survey, five points ahead of second-placed Yuppiechef
If I told you online shopping is the next big thing to hit South Africa, you might think I was living in 1995. So-called experts will tell you big brands like Amazon and Kalahari have the market sewn up. They have the scale, the supply chains and the deep pockets to dominate the market completely
Summit Partners announced on Tuesday that is investing €20m (R224m) in the German parent company of online fashion retailer Zando. Much of the cash will reportedly flow to the South African arm of the company. Last month, the European company secured an investment from JP Morgan
SA’s largest online fashion retailer, Zando, has secured an investment from JP Morgan Asset Management. The investment will be made through Zando’s German holding company and will see the US investment firm take a stake worth more than US$10m, though the exact figure has not been disclosed. The company