Dubai e-commerce platform Sprii appoints liquidators after failing to find buyer

dubai sprii commerce liquidators platform
uae-top-picks
  • Date: 08-Dec-2020
  • Source: Arabian Business
  • Sector: Retail
  • Country: uae-top-picks
  • Who else needs to know?

Dubai e-commerce platform Sprii appoints liquidators after failing to find buyer

Sprii UAE, one of the biggest online shopping platforms “offering everything for mums in Dubai and the Middle East” has been placed in liquidation.

The company, which was founded in 2014 by CEO Sarah Jones and is based in Mazaya Business Avenue in Jumeirah Lake Towers, started with just two employees around a kitchen table, and grew into a multi-million dollar business with a team of more than 100.

The founder of e-commerce site for mums recalls how the business bug caught her at a young age

It is understood staff were notified of the company's demise on Sunday, while suppliers have been instructed to send all correspondence through appointed liquidators Grant Thornton.

In a letter to suppliers, Jones said: “As a result of our inability to raise further capital to support the ongoing trading of Sprii, coupled with an unsuccessful campaign to sell the business, I have been forced to take significant steps what will impact the future of the business.

“This is an incredibly sad day for all stakeholders in Sprii. If a sale of the business is not possible, I will be working hard to rehouse all of our team. I appreciate that many of you will feel pain here too, and