Dublin retail technology firm eShopWorld has been sold in a deal that’s likely to value the business at about €1bn. The firm was on track to generate revenue of close to €1bn last year, as it benefited from a surge in online shopping due to the Covid pandemic. Mr Kelly and other senior management will remain with eShopWorld (ESW) following its sale, and the business will continue as a standalone entity. “ESW is well poised for continuing growth and innovation, to better serve a growing demand for trusted online shopping,” he said. The company behind eShopWorld made a €6m operating profit in 2019, the latest year for which accounts are publicly available.

Source: Irish Independent March 31, 2021 15:45 UTC