On-line vogue market Trouva pauses buying and selling and hunts purchaser

Trouva, an internet market for vogue boutiques, is asking a halt to buying and selling whereas it explores its fourth sale in lower than three years.

Sky Information understands that the present house owners of Trouva, which was based in 2013, are working with the accountancy agency RSM to discover a purchaser.

Trouva is now owned by Challenge J alongside Fy!, a house and dwelling market which is unaffected by the sale course of.

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A supply near the corporate mentioned it had taken the choice to pause orders and gross sales through the seek for a brand new proprietor so as “to guard prospects and sellers”.

Since 2022, Trouva has been owned at numerous factors by Made.com, which itself subsequently collapsed, then briefly by Subsequent, after which a automobile known as Re:retailer.

It was acquired by Challenge J final yr.

“This has been an extremely tough resolution, however now we have determined to focus our efforts on constructing the Fy! model and discover the choices for a sale of Trouva,” Jonathan Thomson, co-founder of Challenge J, mentioned.

“By exploring a possible sale, we’re creating a possibility for Trouva to proceed its journey.

“We consider that is in one of the best pursuits of the enterprise, boutiques and the workforce.”