🌱 Strategic Growth
The Platform Group (TPG) strengthens its e-commerce domain with the strategic acquisition of Avocadostore, a leader in sustainable fashion.
🤝 Mutual Benefits
Mimi Sewalski of Avocadostore looks forward to leveraging TPG's expertise in software and marketing. The partnership aims to fuse Avocadostore's sustainable focus with TPG's e-commerce prowess.
💡 A New Chapter
GLG Green Lifestyle GmbH, the previous sole owner, remains a stakeholder post-acquisition. The deal, involving cash and share transactions, is expected to conclude in February 2024.
🌍 Sustainable Vision
Dominik Benner, CEO of TPG, underscores the commitment to sustainability and partner loyalty. The ambition is to expand Avocadostore's reach across Europe and enhance its platform offerings.
📈 Growth Trajectory
This acquisition is set to accelerate Avocadostore's growth, tapping into TPG's vast e-commerce experience. It marks a pivotal step in sustainable product marketplace expansion.
What are your thoughts on this sustainable e-commerce evolution?
