News & Press: Power Retail News

Catch and Lux Do a Mega Deal

Wednesday, 6 December 2017  
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Two of Australia’s biggest e-commerce groups, Catch Group and Lux Group, today announced the completion of a series of strategic transactions that will result in the creation of separate, pure-play travel, shopping and local e-commerce businesses. With a combined estimated turnover of over $600 million across all businesses, the companies claim the deal represents  Australia’s largest home grown e-commerce transaction, allowing both companies to operate with the brands that cater to their strengths and offering Australian customers better choice and value. Read more...