e-trader acquires Koodos

Online bulk and surplus stock business e-trader group has acquired online fashion retailer Koodos for an undisclosed sum. 


Online bulk and surplus stock business e-trader group has acquired online fashion retailer Koodos for an undisclosed sum. 

Online bulk and surplus stock business e-trader group has acquired online fashion retailer Koodos for an undisclosed sum.

The acquisition of London-based Koodos adds a fashion clearance business to the group’s existing business stockshifters.com. The UK bulk, overstock, and clearance market is thought to be worth some £14 billion annually.

Harvey Sinclair, CEO of e-trader group, said: ‘koodos.com is a well-respected and recognised consumer brand, with a large database of loyal customers and strong relationships with over 200 fashion brands. This acquisition enables e-trader to broaden its offering to retailers and manufacturers looking for a more efficient channel for their overstocks and clearance.’

e-trader group was formerly called Business Auctions and was backed by venture capital firm Elderstreet. The company was sold in a management buy-in led by Sinclair in November 2008. 

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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