{"id":28251,"date":"2012-11-20T09:16:35","date_gmt":"2012-11-20T09:16:35","guid":{"rendered":"https:\/\/www.mobilefun.co.uk\/blog\/?page_id=28251"},"modified":"2013-04-30T16:06:45","modified_gmt":"2013-04-30T15:06:45","slug":"mobile-fun-explores-possible-sale","status":"publish","type":"page","link":"https:\/\/www.mobilefun.co.uk\/blog\/press\/company\/mobile-fun-explores-possible-sale\/","title":{"rendered":"Mobile Fun explores possible sale"},"content":{"rendered":"

\"\"<\/a>Online retailer seeking new shareholders to boost growth plans<\/em><\/p>\n

Mobile Fun, the leading online retailer for mobile device accessories is considering a possible trade sale.<\/p>\n

Founded in 2000, the independently-owned and award-winning online retailer is seeking a buyer to support the Company in achieving its international expansion ambitions.<\/p>\n

In the financial year ending 31st March 2012, Mobile Fun\u2019s total revenue exceeded \u00a310 million. For year ending 31st March 2013, the Company is on course to launch 20 new countries and hit sales of \u00a312+ million with a predicted EBITDA of \u00a31.2 million.<\/p>\n

Managing Director Mohammed Hussain aims to build the business to achieve \u00a325 million annual retail sales by 2017, with accelerated international expansion a central part of his strategy.<\/p>\n

Mohammed Hussain commented: \u201cWe typically receive several approaches a year from both private equity and trade buyers in the UK and from overseas. We feel that the timing is now right to find new shareholders for our growing and profitable online business. Our sophisticated online retail platform, combined with expertise in international e-commerce and mobile device accessories is unrivalled. Our website traffic is a testament to our success – with a record 3.1 million visits in September 2012. With the right investment, we will further strengthen our market position and be ready to grow exponentially in the expanding smart devices market<\/em>.<\/p>\n

Mohammed continued: \u201cDuring this process, it\u2019s business as usual at Mobile Fun as our team is working on a record Christmas quarter. We\u2019re already experiencing increased sales, following the release of the iPhone 5 and iPad Mini, as well as a number of other hero tablets and smart phones<\/em>.\u201d<\/p>\n

Mobile Fun operates in an expanding sector, with analysts including ABI Research1 predicting that by 2017, smartphone accessories will grow to $38 billion in revenues, while feature phone accessory revenues decline to $12 billion. As the UK\u2019s leading online retailer of accessories for mobiles, smart phones, tablets and other mobile devices, Mobile Fun offers over 6,500 products and ships to 50+ countries.<\/p>\n

The retailer has a firm foothold in the UK through MobileFun.co.uk and complementary brands including GearZap.com, GamingZap.com and LoveCases.co.uk.<\/p>\n

Mobile Fun\u2019s strategy of launching dedicated localised websites with native language speaking customer service is paying dividends, with international sales jumping by 161% in the last financial year. Mobile Fun now has international presence in Australia, Austria, Belgium, Canada, France, Germany, Hong Kong Ireland, India, Italy, the Netherlands, Spain, and the USA. The retailer also operates offices in France, Germany, Spain and the USA.<\/p>\n

– ENDS \u2013<\/em><\/p>\n

About Mobile Fun<\/em><\/span><\/p>\n

Mobile Fun is the UK\u2019s leading Internet retailer offering a market leading range of accessories for mobile phones, tablets and other mobile devices from its growing portfolio of international websites. With a product range of over 6,500 globally-sourced mobile accessories available on its websites, Mobile Fun has successfully established a market-leading position within the competitive mobile, smartphone and tablet sectors. Mobile Fun was ranked as the UK\u2019s 7th \u2018Fastest Growing Technology Based Company\u2019 in the Sunday Times 2006 Microsoft Tech Track 100, was awarded the \u2018Online Retailer of the Year\u2019 title at the Mobile News Awards 2011 then again in 2012; won Best Online Business (Consumer) at the ECMOD Awards 2012, the Online Retail Awards 2011 and 2012 \u2018Computers and Telecommunications\u2019 category and What Mobile\u2019s Best Accessory Retailer 2012.<\/p>\n

1 \u00a0http:\/\/www.abiresearch.com\/press\/smartphone-accessory-revenues-valued-at-20-billion<\/a><\/p>\n

 <\/p>\n

For more media information, contact Ranbir Sahota at Vitis PR on + 44 (0)121 242 8048 or ranbir@vitispr.com<\/p>\n","protected":false},"excerpt":{"rendered":"

Online retailer seeking new shareholders to boost growth plans Mobile Fun, the leading online retailer for mobile device accessories is considering a possible trade sale. Founded in 2000, the independently-owned and award-winning online retailer is seeking a buyer to support the Company in achieving its international expansion ambitions. In the financial year ending 31st March […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":8551,"menu_order":0,"comment_status":"open","ping_status":"open","template":"page-press-company.php","meta":[],"_links":{"self":[{"href":"https:\/\/www.mobilefun.co.uk\/blog\/wp-json\/wp\/v2\/pages\/28251"}],"collection":[{"href":"https:\/\/www.mobilefun.co.uk\/blog\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mobilefun.co.uk\/blog\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mobilefun.co.uk\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mobilefun.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=28251"}],"version-history":[{"count":6,"href":"https:\/\/www.mobilefun.co.uk\/blog\/wp-json\/wp\/v2\/pages\/28251\/revisions"}],"predecessor-version":[{"id":30130,"href":"https:\/\/www.mobilefun.co.uk\/blog\/wp-json\/wp\/v2\/pages\/28251\/revisions\/30130"}],"up":[{"embeddable":true,"href":"https:\/\/www.mobilefun.co.uk\/blog\/wp-json\/wp\/v2\/pages\/8551"}],"wp:attachment":[{"href":"https:\/\/www.mobilefun.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=28251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}