Schustermann & Borenstein (BestSecret)
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Schustermann & Borenstein (BestSecret) - overview
Established
1924
Location
Munich, Dornach, Germany
Primary Industry
Consumer Products
About
Based in Germany, Schustermann & Borenstein operates as a premier members-only shopping platform, offering curated luxury products with exclusive pricing for discerning customers across Europe. Founded in 1924, Schustermann & Borenstein is a specialized online marketplace that provides access to high-end fashion and lifestyle products. The company underwent a significant transition in 2012 when AXA Private Equity acquired a controlling stake for EUR 300 million. The firm is headquartered in Munich, Germany.
The founder's history, including previous company ventures, is not publicly detailed. The company has completed a total of 3 deals, with the latest being a Secondary Buyout of EUR 700. 000 mn involving Alberta Investment Management Corporation (AIMCo) and Permira, raising a total of EUR 700. 000 mn.
BESTSECRET operates as a members-only shopping platform specializing in premium and luxury brands, providing exclusive pricing to its customers. The core service involves an online marketplace where members can access a curated selection of high-end fashion and lifestyle products, including apparel, footwear, and accessories. The platform enhances user experience through a cookie-based system, ensuring secure transactions and personalized content tailored to individual shopping preferences. BESTSECRET serves clients across multiple European countries, focusing on quality and exclusivity in the luxury goods market.
In the most recent year, 2019, BESTSECRET reported a revenue of EUR 639,812,320 and an EBITDA of EUR 105,977,760. This revenue model is driven by a membership-based structure, allowing users to access exclusive deals on luxury products. Following the acquisition by AXA Private Equity in August 2012, Schustermann & Borenstein plans to leverage its funding for further expansion. The company aims to enhance its product offerings and potentially enter new geographic markets.
Future product launches and specific market expansions have not been detailed, but the strategic use of its resources suggests an ongoing commitment to growth and adaptation in the luxury retail sector.
Current Investors
Permira
Primary Industry
Consumer Products
Sub Industries
Footwear, Accessories, Clothing, Clothing Stores
Website
www.schustermann-borenstein.de
Verticals
E-commerce, Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Schustermann & Borenstein (BestSecret) - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Exit | Completed | Schustermann & Borenstein (BestSecret) | - | ||||||||
| Merger | Completed | Best Secret GmbH | - | ||||||||
| Secondary Buyout | Completed | Schustermann & Borenstein (BestSecret) | - | ||||||||
| Buyout | Completed | Schustermann & Borenstein (BestSecret) | - |
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