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Achica news and archive

Business

Achica branches into fashion under Brand Alley’s ownership

Earlier this week UK homewares Dunelm said that it sold Achica, an online store that offers goods at a discount, on February 15. The sale raised 600,000 pounds in cash. According to Achica’s website, it is now part of BrandAlley. “Having run the Achica business for a year, and gained a better understanding of the business and its customers, we...

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Business

Achica reportedly courting new investors

Achica is allegedly trying to lure in new investors. Established five years ago by one of the founders of Asos, the online fashion retailer would have commissioned Jefferies with the search of a new financial partner. Sky News reported that Achica is working with bankers at Jefferies on its search for new funding, according to insiders. The...

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Design

Lansdowne Partners buys stake in Achica

One of the world’s biggest hedge funds, London-based Lansdowne Partners, has taken a stake in Achica, theonline homewares site set up by Asos co-founder Quentin Griffiths. According to documents filed at Companies House, the 16 billion dollars hedge fund, has built a stake in Achica. The filling reveals that e-tailer would be considering an...

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Fashion

Achica's stakeholde​rs decline Groupon's 80 million

Stakeholders at British luxury e-tailer Achica have declined Groupon's 80 million pounds offer to acquire the shopping platform as it might undervalue the company. According to 'The Telegraph', Groupon's was an unsolicited offer, believed to have been made in the autumn, and turned down earlier in December by the founders and shareholders who...

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