GOOD NEWS!!! My favorite online web store - LAZADA, receives more funding as TENGELMANN joins investor group.
They just announced that they received an eight-digit euro investment from German retail group which is the Tengelmann group …
About Tengelmann Group
- Tengelmann Group is an international operating retail company whose business interests are spread across a number of different industries. Subsidiaries include OBI, KiK, Kaiser’s Tengelmann, baby-markt.de and Plus Online. TREI Real Estate, as well as the holding company Tengelmann Ventures, which has been investing in promising online start-ups for several years, is also part of the corporate group. The family-owned business was established in 1867 in Mülheim an der Ruhr and is currently managed in fifth generation. Tengelmann Group is operating over 4,000 stores in 15 different countries and employing more than 80,000 people. The group’s annual turnover is totaling EUR 10bn.
Beyond doubt, Lazada is unbeaten and keeps on doing all the potential ways to be on top. It all happened last December, they launched the platform, had the immensely online revolution campaign in the U.S united with hundreds of merchant as well as with top eCommerce platforms for its campaign.
In Indonesia, they have joined their leading telecom operator, Telkomsel, Yahoo! and a lot more.
Today, Christian WInter, CEO of Tengelmann Ventures quoted “their growth trajectory, management team and investor base speak for themselves and we are confident that the company will succeed in the long-run.” Maximilian Bittner, Regional CEO of LAZADA commented: “Having a strategic investor of Tengelmann’s calibre on-board is a huge win for LAZADA. They are bringing with them significant retail experience which will be of huge benefit as we strive to achieve our ambitious growth targets.” “We are very excited to join the LAZADA team,”
We all know that Lazada provides exceptional service to consumers such as including a lot of payment options, warranty commitments, free returns, world-class service and so on.
** I love love LAZADA and I can’t wait to share with y’all my shopping experience with them *wink so why don’t you check out their links below and start following them as they have sooo many great offers everyday!!!