Insolvent Lesara fails to attract investor

Things aren’t looking good for online retailer Lesara. The insolvent ecommerce player is searching for investors and it almost got one interested to take over. But at the last minute, that investor dropped out. Now, the inventory will soon be on sale and there are several parties interested in acquiring Lesara’s logistics center.

The search for investors for the insolvent online retailer Lesara has failed at the last minute, Wiwo writes. According to reports, the insolvency administrator had negotiated with a strategic investor until the last night of January. But that investor eventually withdrew, to the surprise of Lesara.

Inventory for sale

The sale of Lesara’s inventory, which consists of many fashion and lifestyle items, will take place in the coming months. Meanwhile, the business operation of its logistics subsidiary continues. There are several interested parties for taking over the company’s logistics center.

In November of 2018, Lesara filed for insolvency. The German ecommerce company raised a total of 90 million euros during the last six years. The last funding round was used for expanding its logistics business. In August of last year, Lesara opened its very first own distribution center, which cost 45 million euros to build.