×
973
Fashion Jobs
AIRTEL
Territory Manager - Gulbarga
Permanent · Aland
MARTIN & HARRIS LABORATORIES LTD
Manager-Production
Permanent · Roorkee
LAVYA ASSOCIATES
Area Sales Manager-Direct- Life Insurance-Khandala
Permanent · Lonavala
LAVYA ASSOCIATES
Area Sales Manager-Direct- Life Insurance-Vadodara
Permanent · Vadodara
LAVYA ASSOCIATES
Area Sales Manager-Direct- Life Insurance-Bharuch
Permanent · Bharuch
LAVYA ASSOCIATES
Area Sales Manager-Direct- Life Insurance-Nasik
Permanent · Nashik
LAVYA ASSOCIATES
Area Sales Manager-Direct- Life Insurance-Gangtok
Permanent · Gangtok
LAVYA ASSOCIATES
Area Sales Manager-Direct- Life Insurance-Gondal
Permanent · Gondal
LAVYA ASSOCIATES
Area Sales Manager-Direct- Life Insurance-Rajsamand
Permanent · Rajsamand
LAVYA ASSOCIATES
Area Sales Manager-Direct- Life Insurance-Patna
Permanent · Patna
LAVYA ASSOCIATES
Area Sales Manager-Direct- Life Insurance-Kolhapur
Permanent · Kolhapur
LAVYA ASSOCIATES
Area Sales Manager-Direct- Life Insurance-Vapi
Permanent · Vapi
PAPERGRID INDUSTRIES
Area Manager (Sales)
Permanent · Chennai
LAVYA ASSOCIATES
Area Sales Manager-Direct- Life Insurance-Bhavnagar
Permanent · Bhavnagar
LAVYA ASSOCIATES
Area Sales Manager-Direct- Life Insurance-Osian
Permanent · Osian
LAVYA ASSOCIATES
Area Sales Manager-Direct- Life Insurance-Gaya
Permanent · Gaya
LAVYA ASSOCIATES
Area Sales Manager-Direct- Life Insurance-Igatpuri
Permanent · Igatpuri
LAVYA ASSOCIATES
Area Sales Manager-Direct- Life Insurance-Ramgarh
Permanent · Ramgarh Cantonment
LAVYA ASSOCIATES
Area Sales Manager-Direct- Life Insurance-Puri
Permanent · Puri
LAVYA ASSOCIATES
Area Sales Manager-Direct- Life Insurance-Kota
Permanent · Kota
LAVYA ASSOCIATES
Area Sales Manager-Direct- Life Insurance-Veraval
Permanent · Veraval
LAVYA ASSOCIATES
Area Sales Manager-Direct- Life Insurance-Bhuj
Permanent · Bhuj
By
Reuters
Published
Dec 12, 2008
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Dutch online retailer Wehkamp sold for 500 mln eur

By
Reuters
Published
Dec 12, 2008


www.Wehkamp.nl

LONDON, Dec 12 (Reuters) - European private equity firm IK Partners said on Friday it has sold Dutch internet retailer Wehkamp to a group of private investors, defying a tough climate for private equity exits.

A source familiar with the situation said the deal is worth about 500 million euros ($663.4 million) to IK, which acquired the business in 2006 from GUS plc, which subsequently demerged into Home Retail Group and Experian .

IK said its reorganisation of the retailer into three online stores for fashion, living and electronics has turned around Wehkamp's declining sales to produce an average annual growth rate of 5 percent and a doubling of operating profits.

Wehkamp's website has more than 5 million visitors a month and it completes around 5 million orders every year.

IK said it has also sold Wehkamp's consumer loan business Lacent as part of the deal.

(reporting by Simon Meads; Editing by David Cowell)

([email protected]; +44 20 7542 9969))

($1=.7537 Euro)

© Thomson Reuters 2022 All rights reserved.