Buy&Sell

This article is about a classifieds magazine. For the economics concept, see trade.
BuyandSell.ie
Categories Online Marketplace
First issue May 1990
Company Buyandsell.ie
Country Ireland
Language English
Website www.buyandsell.ie

BuyandSell.ie is an Irish owned online marketplace. It began as a magazine which has been owned by a number of non-Irish based businesses, including Loot, a UK-based magazine and Associated Newspapers who sold Buy & Sell to the current owners in 2007.[1]

B&S Ltd, the last owner of the Buy & Sell magazine was beneficially owned, by Boundary Capital plc, an Irish venture capital company, who acquired the company from Associated Newspapers for €28,000,000 in 2007.

Buy & Sell went through Examinership and Receivership in late 2009, and the assets of the business were sold to a company representing Nelson Loane, the former head of the publicly quoted Adare printing group, and his family.[2]

The new owners were to have said they planned to retain the current workforce of 55 with potential for new job creation in the online business. Unfortunately this business model did not work and Buy & Sell had to cease trading on March 31st 2014. The reason released being "The ongoing market shift from print to online has been a major factor in this outcome".[3]

In the same year, Buy & Sell was sold to Demirca Ltd, a subsidiary of Denis O'Brians for a disclosed amount.

References

  1. ↑ "Associated to offload 'Buy and Sell'". Irish Independent. 13 May 2007. Retrieved 2012-05-03.
  2. ↑ "Examiner appointed to 'Buy & Sell' over €18.3m debt". Irish Times. 27 June 2009. Retrieved 2012-05-03.
  3. ↑ "Buy & Sell sale confirmed by receiver - RTÉ News". Rte.ie. 2009-10-05. Retrieved 2012-05-03.

External links

This article is issued from Wikipedia - version of the Sunday, April 10, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.