Although sources indicated that an initial public offering (IPO) is some way off, it is one of a number of possible exit routes for the company, whose early investors include Balderton, the technology-focused private equity firm.
Achica, which is an online “club” that offers members discounts on furniture, kitchenware and other products through a series of so-called “flash” sales, recently promoted chief operating officer Steve Robinson to chief executive.
Mr Robinson, the former head of Tesco Direct, said in a recent interview that he intends to build on the amount of data the company has compiled over the past six years to target customers more accurately, as well as redesigning website navigation, and strengthening its European presence.
The business was set up by William Cooper, now chairman, and Quentin Griffiths, one of the founders of Asos.
A spokesman for Lansdowne, which has $16bn (£9.5bn) of funds under management, declined to comment.
A spokesmen for Achica declined to comment.
more
{ 0 comments... » Lansdowne buys into online luxury retailer Achica read them below or add one }
Post a Comment