Who started Yuppiechef?
|Founder||Andrew Smith, Shane Dryden|
|Headquarters||Cape Town, South Africa|
|Area served||South Africa|
|Key people||Andrew Smith, Shane Dryden|
How did Yuppiechef start?
Yuppiechef was founded in 2006 by two good friends, selling just 32 kitchen products online, from a lounge in Plumstead. More than a decade (and more than a million cards and fridge magnets) later, nearly 200 of us are now working together to help our customers find more moments of joy in their homes.
Who owns Yuppiechef South Africa?
Andrew Smith –
Andrew Smith – Co-Founder & CEO – Yuppiechef | LinkedIn.
How much did Yuppiechef sell for?
So, in 2006, they created Yuppiechef. This past week, the partners sold it to the mighty Mr Price Group for nearly R500m. You can see the appeal: Yuppiechef has a stellar reputation as an award-winning e-commerce retailer, and sells more than 10,000 products from nearly 700 brands.
Who is buying Yuppiechef?
South Africa’s Competition Tribunal has approved the sale of Yuppiechef to the Mr Price Group. In March this year, Mr Price announced that it entered into an agreement with Yuppiechef to acquire 100% of the privately-owned kitchen and homeware retailer.
How much is Yuppiechef worth?
Mr Price’s market cap before the announcement was almost R47 billion, which means it will buy Yuppiechef for roughly R470 million. In cash. The $50 billion US hedge fund Tiger Global Management, which bought a minority stake in Yuppiechef in two transactions, in 2011 and in 2013, will receive some of the money.
What is Yuppiechef worth?
For more articles, go to www.BusinessInsider.co.za. The retailer said it will pay approximately 1% of its market capitalisation for Yuppiechef. Mr Price’s market cap before the announcement was almost R47 billion, which means it will buy Yuppiechef for roughly R470 million.
Does Mr Price own Yuppiechef?
The acquisition of Yuppiechef by Mr Price becomes effective on 1 August. Value fashion and homeware retailer Mr Price’s deal to completely own high-end kitchenware seller Yuppiechef has been approved by the Competition Tribunal. The group updated shareholders on Tuesday that all conditions have been fulfilled.
What did Mr Price Buy?
DURBAN – THE JSE-LISTED clothing and home goods retail company Mr Price Group was given the green light to acquire value-focused and cash-based retailer Power Fashion after meeting all the regulatory conditions in South Africa and eSwatini.
Where does Mr Price get their clothes?
Sourcing Locally In 2014, we sourced over sixty-five million garments from suppliers in Southern Africa.
Where does Mr Price buy their clothes?
‘ Why Foschini, Mr Price and Truworths now want local clothes. After years of relying on Chinese imports, large South African clothing retailers are starting to source and manufacture more of their products locally. This enables them to respond faster to local fashion and weather trends.
Is truworths part of Foschini?
Clothing retailers Truworths and The Foschini Group (TFG) have long been mainstays of the domestic fashion scene. For years, Truworths was a front runner in the sector, with strong operational performance and world-class metrics making it a standout performer.
Where are the Yuppiechef stores in the world?
Our flagship Waterfront store is conveniently positioned on the ground floor of the Victoria Wharf Mall. Located in the heart of Waterfall City, Mall of Africa received the 2018 Sunday Times Generation Next Award for the ‘Coolest Mall’ and is home to over 300 stores.
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Who are the chefs on Yuppiechef online cooking school?
Join professional chefs, including Peter Goffe-Wood, Sarah Graham and Franck Dangereux, in a series of online cooking courses. Through a series of video tutorials, you’ll learn to master popular recipes, techniques and cooking styles from the comfort of home and at your own pace.
When did the Yuppiechef outlet in Westlake open?
Based at Yuppiechef HQ, our Westlake ‘Outlet’ Store opened in 2015 as a tentative pilot project. It has since been revamped to mirror our beautiful, larger stores, and carries stock of some key lines, as well as our fantastic, previously-loved ‘Seconds from Greatness’ range.