Lumaland is an e-commerce company specializing in home and living products. Bean bags, tents, domestic helpers for the bathroom and kitchen, bed linen, towels, napkins, juicers, bakeware and many other home and living products are sold under the Lumaland brand. Lumaland develops and acquires the products itself and generates its sales exclusively with private labels. On October 21, 2019 Lumaland was merged into Social Chain Group, the terms of the agreement were not disclosed.
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Latest Lumaland News
Mar 30, 2021
Posted By: Mark McSherry October 17, 2019 Manchester-based social media agency Social Chain and German online retailer Lumaland AG have merged to form The Social Chain AG. “Through the reverse merger with the publicly listed Lumaland AG, the shares of The Social Chain AG are now traded on XETRA Stock Exchange and the Düsseldorf Stock Exchange … ” said the Manchester firm, adding it is now valued at around €186 million. Social Chain was set up in Manchester five years ago when it was founded by Steven Bartlett and Dominic McGregor, then both 22-years-olds. Bartlett has become a multimillionaire at 27 via the deal. In the deal, Barlett joins forces with German businessman and anchor investor Georg Kofler. Lumaland sells own-brand products including beanbags and mattresses and is controlled by Kofler, who is also the founder of German media companies ProSieben and Premiere. Social Chain added: “The reverse merger took place through the contribution of the shares of The Social Chain Group AG as a non-cash capital increase at Lumaland AG. “The Annual General Meeting of Lumaland AG in Berlin resolved this step on 19 August with the approval of 99.8 percent of the shareholders present. “After the transaction, Social Chain’s equity capital reaches EUR 140 million. “The share capital amounts to EUR 9.1 million, divided into as many shares.” The Social Chain AG’s headquarters will be in Berlin with additional locations in Manchester, London, New York and Munich. The new company now has around 500 employees. The Social Chain AG will be jointly managed by Steven Bartlett, Holger Hansen and Wanja Oberhof. Chairman of the Supervisory Board will be Kofler. Kofler will hold approximately 47% of the shares of Social Chain, with “other founders and management” holding 42%. By mid-2020, The Social Chain AG aims to be listed on NASDAQ or admitted to the Prime Standard of the Frankfurt Stock Exchange. Simultaneously, the company is planning a substantial public offering in mid-2020 to raise capital for further growth. The company will announce further information in spring 2020. In the current year, Social Chain is expected to generate pro forma consolidated revenues of approximately €170 million with a positive EBITDA. Kofler said: “We are a true house of entrepreneurs.” Bartlett said: “In the early years of Social Chain we differentiated ourselves from our immediate competition through a disruptive approach to social media. “As digital natives, we saw the potential of social media beyond what is being used for at the time. “Our success has shown what big thinking, and reimaging conventional business models can achieve. “We’re now using our experience and our existing ecosystem to integrate our very own brands, which we call Social Media Brands.” Wanja Oberhof said: “Social media brands are inspired, developed, loved and promoted through social media. “They are a brand, a community, a medium and a product all in one. “As a result, social media brands can be developed in line with demand, produced faster and marketed more efficiently than conventional brands and products.”
Lumaland Frequently Asked Questions (FAQ)
When was Lumaland founded?
Lumaland was founded in 2017.
Where is Lumaland's headquarters?
Lumaland's headquarters is located at Tauentzienstr. 11, Berlin.
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