Thursday, May 19, 2022
HomeeCommerceFurnishings vendor Hannun prepares to go public

Furnishings vendor Hannun prepares to go public

Spanish on-line furnishings vendor Hannun crafts picket furnishings from discarded wooden. In an effort to develop additional, the corporate has begun the method to hitch BME Development. With the funds that it will increase, the corporate needs to amass companies that share its imaginative and prescient.

The net furnishings vendor Hannun was established in 2007, in Spain. It sells furnishings and handicrafts created from sustainable supplies. Its furnishings is crafted from discarded woods, similar to items which have fallen out of style, or wooden that’s left over after development.

Course of to hitch BME Development began

In 2021, the corporate was generated a income of 4.09 million euros. Round 29 % of that income got here from worldwide gross sales. It has already held three funding rounds, which got here to a complete invested quantity of over 4.3 million euros.

‘The corporate generated a income of €4.09 million in 2021.’

The corporate will change into listed on the expansion firms market BME Development. In keeping with its printed doc for incorporation, this shall be carried out in two methods. Loans signed in 2021, that are value 3.78 million euros, shall be capitalized in a non-monetary capital improve. Moreover, it is going to launch a share subscription provide for a most quantity of 8 million euros. Collectively, the method is predicted to boost round 12 million euros.

Plans to increase

With the itemizing, the corporate needs to speed up its development by permitting a higher influx of capital. With its natural development and model advertising and marketing, it plans to develop geographically. It has additionally introduced plans to amass different firms within the sector with the identical imaginative and prescient. Nevertheless, it’s unclear which firms precisely shall be acquired.



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