Buy&Sell
| File:Buyandsell logo.png | |
| File:Buy & Sell Magazine.jpg | |
| Categories | Online Marketplace |
|---|---|
| First issue | May 1990 |
| Company | Buyandsell.ie |
| Country | Ireland |
| Language | English |
| Website | www |
BuyandSell.ie is an Irish owned online marketplace. It began as a magazine which has been owned by a number of non-Irish based businesses, including Loot, a UK-based magazine and Associated Newspapers who sold Buy & Sell to the current owners in 2007.[1]
B&S Ltd, the last owner of the Buy & Sell magazine was beneficially owned, by Boundary Capital plc, an Irish venture capital company, who acquired the company from Associated Newspapers for €28000000 in 2007.[citation needed]
Buy & Sell went through Examinership and Receivership in late 2009, and the assets of the business were sold to a company representing Nelson Loane, the former head of the publicly quoted Adare printing group, and his family.[2]
The new owners were to have said they planned to retain the current workforce of 55 with potential for new job creation in the online business. Unfortunately this business model did not work and Buy & Sell had to cease trading on March 31st 2014. The reason released being "The ongoing market shift from print to online has been a major factor in this outcome".[3]
In the same year, Buy & Sell was sold to Demirca Ltd, a subsidiary of Denis O'Brians for a disclosed amount.[citation needed]
References
- ^ "Associated to offload 'Buy and Sell'". Irish Independent. 13 May 2007. Retrieved 3 May 2012.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Examiner appointed to 'Buy & Sell' over €18.3m debt". Irish Times. 27 June 2009. Retrieved 3 May 2012.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Buy & Sell sale confirmed by receiver - RTÉ News". Rte.ie. 5 October 2009. Retrieved 3 May 2012.