Amazon aggregator D1 Brands has acquired a U.K.-based home and kitchen seller, which has experienced rapid growth since its 2019 launch, increasing its annual revenue to over $50 million and managing 20 SKUs across the Amazon ecosystem.
The kitchen ware brand, whose name was not disclosed, is the latest addition to D1 Brands’ growing portfolio and is one of 14 brands that the company successfully acquired and added to its portfolio between April and December of last year.
“We went from zero revenue to nine figures in the last 12 months,” said Yaz, Malas, D1 co-CEO. “In the meantime, the industry hasn’t been impervious to Covid19. However, we managed the first year really well. We plan to do $300 million by the end of 2022 by extending brands to new international markets.”
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