Irish ecommerce firm eShopWorld has sold the remaining 50 per cent of the business, a transaction that values the fast growing company at up to €500 million. Asendia, a joint venture with La Poste in France and Swiss Post, previously increased its stake in the company to 50 per cent from 40 per cent in 2017. At that point four years ago eShopWorld was valued at €300 million. It has now acquired the rest of the business. The sale will see eShopWorld’s founder and chief executive, Tommy Kelly, become one of Ireland’s richest people. Kelly established the business first in…

Want to continue reading?

Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €100.

Subscribe

Cancel anytime.

Are you already a member? .