Previous to ICG’s takeover introduced immediately (9 June), Trouva was owned by GCG Capital, which acquired {the marketplace} in a pre-pack administration in February. The enterprise had paused buying and selling in January and the web site would not have any merchandise obtainable.
Its earlier house owners embrace made.com (from Could 2022), Re:retailer (January 2023) and Fy! (April 2024).
Based in 2015, Trouva used to work with greater than 650 trend, dwelling and way of life independents throughout the UK and Europe, delivery to greater than 30 nations worldwide.
In August 2024, unbiased retailers expressed considerations over overdue funds from Trouva, with some nonetheless owed cash because it went into administration in February. The directors’ report, signed 7 March, exhibits that unsecured collectors, which incorporates independents, are owed £954,000 in whole and can obtain no fee again.
Andrew Ladouceur, founder and CEO of ICG, mentioned: “Our monitor document with manufacturers reminiscent of [fashion aggregator websites] Stylight and MyBestBrands has proven that once you mix a ardour for curation with disciplined operational execution, you may unlock large worth for each buyers and boutique companions.
“Trouva embodies the very spirit of discovery that we cherish, and we intend to speculate closely in its platform, vendor relationships and buyer expertise.”
Drapers has contacted ICG about whether or not it should function Trouva as an standalone enterprise.
