Trouva news and archive

Fy! acquires marketplace Trouva

London-based Trouva, the platform for independent boutiques and brands, has been acquired by Fy!, the AI-enabled marketplace for home and living. The acquisition doubles Fy!'s business size and is part of its wider strategy to leverage artificial intelligence to offer unparalleled marketplace experiences for sellers and buyers alike. Trouva,...

BusinessFeatured

Re:store acquires Trouva and pledges to “accelerate” opportunities for indies

Cambridge-based start-up Re:store has acquired London-based marketplace Trouva and is pledging to help bridge the gap between online and offline for independent retailers. Re:Store, co-founded by Jon Reynolds, previously chief executive and co-founder of SwiftKey, and Siling Tan in 2020, aims to enable a human connection online through a...

Business

Made.com employees take legal action over redundancies

Former Made.com employees are taking the British furniture retailer to court over the way they were made redundant after the company fell into administration at the beginning of the month. About 12 employees have instructed law firm Aticus Law to take legal action against Made.com after they were told over a Zoom call that they would be losing...

Business

Trouva owner Made.com suspends shares as it falls into administration

Made.com, the furniture group which recently acquired fashion retailer Trouva, has announced its intention to appoint administrators after discussions with various parties on a potential takeover missed its deadline. In a regulatory filing to its shareholders, the British company said that its board had made the decision to temporarily suspend...

Business

Made.com enters into sales discussions, seeks interim financing

Made.com, the owner of fashion marketplace Trouva, has announced that it has “received a number of non-binding indicative proposals”, taking it into the next step of its formal sales process. It launched the process, which is being advised by J.P. Morgan, in late September, months after the furniture e-commerce platform announced its intention...

Business

Made.com enters next phase of sales process with interested parties

Made.com, the owner of fashion retailer Trouva, has published an update on its ongoing formal sales process, which it initially launched on September 23. The homeware company said in a release that it has now entered into non-disclosure agreements and has begun discussions with “a number of interested parties” regarding its sale. Participating...

Business

Made.com up for sale months after acquiring fashion marketplace Trouva

British homeware retailer Made.com has announced it will be undergoing a formal sale process as its board of directors decided to withdraw its full-year guidance. The news comes just months after the e-commerce platform announced its intention to acquire London-based fashion marketplace Trouva. According to a stock exchange release, a number of...

ManagementFeatured

Made.com to buy London-based online marketplace Trouva

British homeware and furniture retailer Made.com Group has announced plans to buy Trouva, a London-based marketplace for independent boutiques. Made said Monday the acquisition accelerates its “strategic priorities” and will allow it to bolster the choice and reach of its offering. It said the deal is expected to accelerate the expansion of...

ManagementFeatured

Trouva secures 17 million pound investment to fund international growth

London-based retailer Trouva has received a 17 million pound investment to help fuel its international expansion. The funding, led by Octopus Ventures alongside C4 Ventures, Downing Ventures, BGF and LocalGlobe, will help the company “further establish itself as the global destination for the best of independent retail” and comes as the online...

Report

Trouva to help independent retailers fight business rate pressures

Online marketplace Trouva has announced a new partnership with real estate advisors Harper Dennis Hobbs (HDH) to help its community of 500 high street stores tackle the pressure of business rates. The partnership will see Trouva’s network of boutiques receive access to HDH’s bespoke business rates investigation and appeal services, as well as...

Report

Trouva appoints new chair

Trouva , the curated online marketplace for independent bricks-and-mortar shops, has named former Uber and Betfair executive Niall Wass as non-executive director and chair, as the company expands into Amsterdam, Madrid and Copenhagen. The appointment follows a 10 million US Series A funding round last year that was led by BGF Ventures, alongside...

Business|INTERVIEW Featured

E-commerce platform Trouva’s global ambitions

Mandeep Singh is a busy man. FashionUnited catches the CEO and co-founder of e-commerce platform Trouva on the phone in between meetings and a heavy schedule of appointments. Nevertheless, Singh is chatty and evidently in a good mood. He has reason to – Trouva has just hit a big milestone with the expansion into Germany, the company’s first...