A British e-commerce company that works with retailers such as Aldi, Argos, and John Lewis has completed a deal to sell themselves to an American rival. Virtualstock, which is headed by Moonpig founder Nick Jenkins, is acquired by private equity-backed Logicbroker in a deal that could already be announced.<\/p>\n
Virtualstock specializes in so-called "dropshipping", where retailers are connected to suppliers to meet orders online. The British company was founded in 2004 and processes more than eight million orders each year with a gross goods value of over 2 billion GBP. B&Q and Currys also count among the retailers with whom it works.<\/p>\n
The venture capital companies Concept Capital and Eight Peaks, as well as Mr. Jenkins, are among the shareholders of Virtualstock. Logicbroker is supported by K1 Investment Management, a private equity company based in California.<\/p>\n
The combined company will have a network that consists of more than 15,000 retail and brand partners worldwide, according to a person who comes close to the deal. The conditions of the transaction could not be determined on Monday. Virtualstock rejected a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"
Introduction to Virtualstock Deal A British e-commerce company that works with retailers such as Aldi, Argos, and John Lewis has completed a deal to sell themselves to an American rival. Virtualstock, which is headed by Moonpig founder Nick Jenkins, is acquired by private equity-backed Logicbroker in a deal that could already be announced. What is<\/p>\n","protected":false},"author":1,"featured_media":24654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[88,6952,11479,13316,4907,3253,7857,2681,8198,6960,13314,13315,1784,5825,759,3137,6418],"class_list":{"0":"post-24653","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-aldi","9":"tag-argos-retailer","10":"tag-currys","11":"tag-drop-shipping","12":"tag-e-commerce","13":"tag-goods","14":"tag-investment-management","15":"tag-investor","16":"tag-john-lewis-partners","17":"tag-john-lewis-partnership","18":"tag-moonpig","19":"tag-nick-jenkins","20":"tag-private-equity","21":"tag-revenue","22":"tag-shareholder","23":"tag-value-economics","24":"tag-venture-capital"},"_links":{"self":[{"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/posts\/24653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/comments?post=24653"}],"version-history":[{"count":1,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/posts\/24653\/revisions"}],"predecessor-version":[{"id":24655,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/posts\/24653\/revisions\/24655"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/media\/24654"}],"wp:attachment":[{"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/media?parent=24653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/categories?post=24653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/tags?post=24653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}