Member Article

Camden Market to help stallholders expand online presence following key acquisition

Market Tech Holdings will be supporting stallholders in Camden Market with their online retail activity as a result of its acquisition of an Israeli ecommerce firm.

Property tycoon Teddy Sagi, whose company acquired the Camden Lock Market in October 2014 for £70m, is enabling the stallholders to expand their online presence with plans to provide a distribution centre in Basildon for online deliveries.

Market Tech has acquired StuccoMedia for £22.7m, giving shops like Cyberdog the chances to distribute their wares across the globe.

Charles Butler, Market Tech chief executive, said: “StuccoMedia’s e-commerce technology will form the centrepiece of our transition to a fully integrated online and offline retail offering.”

“We will now be able to leverage our real estate and e-commerce assets to provide a truly global online marketplace,”

This was posted in Bdaily's Members' News section by Ellen Forster .