Portobello - Creating an omnichannel presence
Portobello’s proposed acquisition of ePrice Operations as a joint venture with Riba Mundo Tecnologia will lead to Portobello becoming an omnichannel operator from its current store-based focus and enable it to grow ePrice’s core volume (consumer electronics and household appliances) while adding complementary products from Portobello’s range. The enhanced volume, purchasing power of Portobello and Riba and cost synergies should lead to enhanced revenue growth and prospects for ePrice’s activities. Our financial estimates are unchanged ahead of the expected completion date for the transaction (within 90 days) and Portobello’s H122 results, which are expected to be published on 19 September 2022.Portobello SpA is an Italy-based company active in the business to consumer (B to C) industry. The Company manages an e-commerce store in addition to different retail stores. Its offering includes a wide range of products divided in Electronics, House Hold Products, Do-It-yourself (DIY), Home Apparel, House and Personal Care, Hobby and Free Time, and Fashion. The Company is active locally.
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