
Published: 1 September 2000 09:11 GMT
Online retailer, jungle.com has been bought by Great Universal Stores for £37m.
The acquisition has been seen as a fall in value for the online retailer as it was slated for IPO at £750m.
In its first year the company made sales of over £75m, but due to the cost of developing its site and a high profile marketing campaign, it recorded losses of £11m.
Great Universal Stores, which owns the Argos home shopping chain, intends to use the acquisition to spearhead its ecommerce strategy.
Earlier this week, jungle.com had been linked with Great Universal rival Kingfish
I have a great opening working for a Software House as a Campaign Specialist in Reading. My client is seeking an enthusiastic individual who has ...
Hays IT in Manchester are exclusively working with one of their key clients who are a Online Retailer and require a Senior PHP / MySQL Developer to ...
Their vision is to be the number one choice in telecoms for the millions of shoppers who come to their stores every week. RESPONSIBILITIES: a) Short ...
Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
Stories from the web...
Copyright © 2008 CBS Interactive Limited. All rights reserved. Top of page
Nick Heath Your top HR tech priorities for next year revealed How to make human resources IT work for you
Bob Tarzey Why you must rein in your power users When they do damage, it can be catastrophic to your business