Infurn Holdings PLC
Infurn Holdings PLC : INFURN sells 40,000 BigBoy Beanbags and expands sales partnerships
Infurn Holdings PLC / Key word(s): Miscellaneous 16.11.2011 / 20:30 --------------------------------------------------------------------- INFURN has achieved runaway sales of its BigBoy Beanbag, making it one of the largest providers in Europe. The company has now expanded its markets for the fashionable seating to include China, Hong Kong and the United Arab Emirates. Customers all over Europe and from countries much further afield love the BigBoy for its versatile uses and trendy colours. The surge in demand has prompted INFURN to build two new production sites, which manufacture the BigBoy 24 hours a day. The enormous consumer interest in the bean bags is perfectly illustrated by INFURN's partnerships with various companies, including Groupon. Through Groupon alone, INFURN sold 40,000 BigBoys in six countries in the space of four weeks. Fuelled by this success, INFURN has begun a pan-European partnership with the daily deal provider. INFURN is very proud of this partnership and is launching similar deals in additional countries. The end goal is to distribute its BigBoy beanbags in 15 countries. In addition to building up cooperations with other companies, INFURN is also working hard and expanding its workforce in order to continue on its growth path. About Groupon Groupon, launched in 2008 in Chicago, is a major company offering daily deals on things to buy, do, eat and see in 140 cities around the world. In last week's IPO, Groupon shares worth $700 million were sold and the company was valued at $12.8 billion. Groupon is just one example of INFURN's recent e-commerce deals. The company receives calls every day from potential partners from more than 15 countries seeking to collaborate with INFURN. About INFURN INFURN HOLDINGS PLC has specialized as an investment company in the areas of trade, production and import of goods and establishes traditional businesses by using innovative technologies. Through strategic investments, subsidiaries remain permanently independent and record steady growth in profits. It currently owns the subsidiaries Designfurn Limited, which operates the INFURN online -store, INFURN (Hong Kong) Limited, specializing in the production and export of designer furniture, mainly based in South China, and INFURN (UK) Limited, which controls the group's traditional stores in Europe. INFURN HOLDINGS PLC boasts a highly skilled management team of young and extremely successful entrepreneurs experienced in the New Economy. For more information about INFURN HOLDINGS PLC, visit the company's websites www.infurn-holdings.com and www.infurn.com. ** END OF PRESS RELEASE ** Infurn Holdings plc is an independent, exchange listed company operating in the segment 'E-commerce, furniture with focus on designer furniture '. This news release may contain certain forward-looking statements, expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to the management of Infurn Holdings plc as of the date hereof, and actual results may vary based upon future events, both within and without the control of the management, including risks and uncertainties that could cause actual results to differ materially. Management does not take any responsibility to update the contents of this News Release in case new aspects arise or new conditions change the facts available. Registered Office: INFURN HOLDINGS PLC 72 New Cavendish Street London, W1G 8AU United Kingdom Email: press@infurn-holdings.com www.infurn-holdings.com ISIN GB00B3ZMNP79, WKN A1H95K, Kürzel 0IU Börsenplätze: Frankfurt End of Corporate News --------------------------------------------------------------------- 16.11.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 146644 16.11.2011
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