EShopWorld’s €1bn-plus sale to Asendia ‘just the start’ of growth plans

Online retail support firm hopes to double revenue every couple of years, says founder Tommy Kelly

4th April, 2021
EShopWorld’s €1bn-plus sale to Asendia ‘just the start’ of growth plans
Tommy Kelly, founder, EShopWorld, helped big name brands and retailers including Calvin Klein, Max Mara, Nike and Victoria’s Secret provide global online shopping services to customers. Picture: Fergal Phillips

While he can’t divulge specifics, Tommy Kelly “wouldn’t quibble” with suggestions of a billion euro plus valuation of EShopWorld, the company he founded, following its sale last week.

The Dublin-headquartered global business, which was started in 2010, is being acquired by Ascendia, the French-Swiss joint venture group which already owned 50 per cent of the company.

Full financial details of the deal have not been disclosed, but it is estimated to...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

How to Manage: Think ahead before allowing staff to work from abroad

How I work: ‘You can’t be an expert in everything, but you can help others to be the best in their fields’

How to manage: Prepare your returning staff for a new kind of workplace