Published on : Tuesday, March 3, 2015
The plumbing giant said the investment will put them in a ‘strong position in the UK B2C online bathroom market and a scalable platform to support future growth’.
Private equity investor Livingbridge invested £8.5m in Luxury for less – which trades as BathEmpire.com – in July 2013. BathEmpire.com reported £26m in revenue in the year ending December 2014.
“The UK B2C online bathroom market is growing rapidly and BathEmpire.com gives us an established brand with a scalable platform and the opportunity to build a significant presence over time.” Said lan Meakins, Wolseley CEO.
Luxury for Less said in a statement: ‘We are extremely excited about working with our new partner, Wolseley, and fully expect the fresh investment and their expertise to assist the business through the next stage of development.’
Tags: Airbus A380, airports, al maktoum, aviation hub, bathempire.com, busiest airport, civil aviation, dubai international airport, Emirates Airlines, expansion work, heathrow airport, initiatives, jumbos, london heathrow airport, terminal 3, traffic report, wolseley