Berlin Brands Group, a manufacturer of branded products for the online market, has raised $240 million in working capital. It hopes to use the money to buy other producers in Europe and the United States.
It involves a Loan package At UniCredit, Deutsche Bank and Commerzbank. If you add in the debt previously received, the total available credit will exceed $1 billion. The Berlin company can strike anytime, anywhere.
Berlin Brand Group Already ten years old. Last year, the company’s turnover reached 300 million euros, and its brands include Klarstein (kitchen equipment), Auna (electronics), Capital Sports (fitness) and Blumfeldt (garden equipment). A total of 14 brands, 2,500 kinds of products, and cumulative sales of more than 10 million.
These products are not only sold on Amazon, but also on other markets like bol.com, MediaMarkt, Fnac, Cdiscount, eBay and Groupon.
Germans are looking for brands that can manage their own sales on Amazon in the United States and Europe, with a turnover of between $100 million.