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News Release from: mandmdirect.com
Edited by the Marketingservicestalk Editorial
Team on 21 February 2008
Mandmdirect makes Sunday Times Buyout
Track 100
Mandmdirect.com, the online and mail order retailer of discounted lifestyle, fashion and sports apparel and footwear, has been placed second in the 2008 Sunday Times Deloitte Buyout Track 100.
It's the first time the company has appeared in Fast Track and the placing comes after a hectic year for the company which saw it break all its previous sales records and become one of the top five visited clothing websites in the UK across the Christmas 07 period, according to web analysts Hitwise In October 2007, leading growth private equity and buyout firm T A Associates completed a majority investment in the company formerly owned by its founders, management and ECI Partners
Steve Robinson, formerly CEO of Tesco Direct was appointed CEO.
"We are delighted with our placing on Fast Track", said Robinson.
"We're a business with strong momentum and ambition and a lot still to achieve both in terms of our online and catalogue operations.
"We have a compelling consumer proposition, solid backing and are well-positioned to continue our strong growth to date; 2008 is set to be a strategically eventful year and this award is a major bonus for the company at a an exciting stage in its development".
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