windeln.de sells Feedo to Czech distributor of baby & toddler products ags 92
• Divestiture part of windeln.de’s measures to increase efficiency and profitability
• Headcount reduction by 74 FTEs and reduction of negative EBIT of approx. EUR 3 million p.a.
• Closing of transaction expected in the course of 2018
• All online shops within windeln.de Group now on same technical infrastructure
Munich, July 20, 2018: Today, windeln.de SE (“windeln.de” or “Group”), one of the leading online retailers for baby and toddler products in Europe and for customers in China, has signed an agreement regarding the sale of its Eastern European subsidiary Feedo Sp. z o.o. and its subsidiary ("Feedo") to the Czech wholesaler and retailer for baby and toddler products ags 92 s.r.o. (“ags”). The sale is part of the Group´s previously announced measures to increase efficiency and profitability. Through the divestiture of Feedo, windeln.de benefits from the deconsolidation of a loss-ma
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windeln.de SE is one of the leading online retailers for baby and toddler products in Europe. The Group also operates a successful e-commerce business with products for babies and toddlers for customers in China. The broad product portfolio includes everything from diapers, baby food, children's furniture, toys, clothes and strollers to child car seats. windeln.de was founded in October 2010 and has been listed in the Prime Standard of the Fran