cross-border functionality will help to increase the distribution coverage for Made's marketplace product offer<\/strong>.<\/p>\nMade added that the total cashflow on the combined acquisition consideration and capex is now expected to be between \u00a313 million to \u00a318 million for 2022, compared to previous guidance of \u00a315 million to \u00a320 million. The acquisition will be fully funded by cash and is \"expected to deliver a strong return on investment\".<\/p>\n
Nicola Thompson, CEO of Made said: This acquisition brings with it an experienced and talented team, a sector-leading technology platform and excellently procured choices of homewares product that will resonate with the Made target customer.<\/p>\n
\"Trouva\u2019s assortment complements Made\u2019s design-led homeware and home proposition superbly and is a great strategic fit for Made as we continue to enhance our marketplace offer. This acquisition will allow us to significantly accelerate our growth strategy by expanding our curated product range \u2013 giving our customers more choice and newness \u2013 and scaling the business in key territories both established and targeted by leveraging Trouva\u2019s exceptional cross-border technology.\"<\/p>\n","protected":false},"excerpt":{"rendered":"
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Made.com acquires online marketplace Trouva to accelerate strategic priorities - TheIndustry.fashion<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n