Fitbit’s Irish arm hiring after cash injection

Over eight million devices were sold in the first six months of this year

Barry J Whyte

Chief Feature Writer @whytebarry
13th December, 2015
Fitbit is bulking up its Irish operation with staff and cash

Fitbit, the world’s largest fitness wearable devices company, has begun ramping up the hiring process to make Ireland its European headquarters thanks to a substantial cash injection from its parent company, recent accounts show.

Meanwhile, its parent company enjoyed a discount on that cash injection thanks to the plummeting value of the euro against the dollar.

The Irish operation has not yet begun to generate sufficient profits to pay corporate taxes, according to...

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