Latest news with #aggregator
Yahoo
2 days ago
- Business
- Yahoo
Kanaan Sellers Group Prepares for Nasdaq Nordic Listing
Set to become Europe's first publicly listed eCommerce aggregator BASEL, Switzerland, June 02, 2025--(BUSINESS WIRE)--Kanaan Sellers Group ("Kanaan"), a leading European eCommerce aggregator focused on kitchen, home, and outdoor living brands, announces its intention to go public on the Nasdaq First North Premier Growth Market later this year, targeting a valuation around Euro 40mn in early Q4. Founded by former Goldman Sachs Director Mike Vermeulen, Kanaan has built a robust and profitable business model in a challenging eCommerce environment. In an industry that has seen significant transformation including consolidation and shifts in strategies among aggregators, Kanaan has achieved profitable, sustainable growth by acquiring, operating, and scaling high-margin, niche consumer brands. Kanaan's focused and capital-efficient approach – favouring equity financing over venture debt for its initial acquisition phase – has proven to be a winning strategy. Backed by Infinitas Capital, a next-gen single-family office led by Robin Lauber, Kanaan has grown to manage 12 brands across nine European markets, generating seven figure EBITDA in 2024. Kanaan runs a well-diversified product portfolio with over 400 SKUs sold across all major platforms – including Amazon, Otto and Galaxus – while its proprietary direct-to-consumer channels are driving growth and customer engagement. Kanaan has plans to expand beyond Europe into the UK and the US. Mike Vermeulen, CEO and Co-Founder of Kanaan Sellers Group, said: "Over the past three years, we have built a business that not only withstands a challenging market but does so profitably. In a frequently maligned sector, we have emerged as a standout performer. What sets us apart is our disciplined approach to capital allocation and acquisitions, even during market highs; best-in-class working capital financing; and an experienced team of professionals in finance, supply chain, and e-commerce. This is an opportune moment in the market, where high quality brands are available at extremely attractive valuations, and we have a proven business model to scale them. "A Nasdaq Nordic listing would reflect both the strength of our European operations and the appeal of the region's diverse and engaged investors. It marks the next step in our growth and will provide a strong capital base to accelerate expansion." Kanaan's agile and opportunistic approach capitalises on the unique post-pandemic window of opportunity. This ability to act quickly in a buyer's market has allowed Kanaan to acquire quality, founder-led brands at compelling valuations. Kanaan's flagship brand, Springlane, demonstrates the company's value creation strategy. A multi-category kitchen brand active in six countries, Springlane continues to contribute substantially towards overall revenues. It is a true multi-channel business, and direct-to-consumer channels are supported by original content and a loyal customer base. It is a case in point of Kanaan's ability to scale and integrate acquisitions, and serves as a repeatable blueprint for future growth. The proposed IPO will provide growth capital and increased market visibility, strengthening Kanaan's ability to acquire and partner with founder-led business. As the global eCommerce retail market continues its upward trajectory, expected to reach $6.5 trillion by 2028, Kanaan is uniquely positioned to lead value-driven consolidation across a fragmented and undervalued sector. Robin Lauber, Founder of Infinitas Capital, commented: "We are extremely proud to support Kanaan Sellers Group as they continue to demonstrate their ability to create lasting value. Mike and the team have built a profitable growth engine, driven by a clear strategy of identifying value, executing quickly, and integrating effectively. As they prepare to enter the public markets, we look forward to their continued success as they lead the next wave of eCommerce consolidation." View source version on Contacts For more information, visit or contact: RosewoodEmail: media@ Phone: +44 (0)20 7653 8702 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
3 days ago
- Entertainment
- Time of India
Karate Kid Legends box office collection day 2: Jackie Chan's film witnesses 29% growth, earns Rs 2.06 crore
Karate Kid Legends box office collection day 2: Karate Kid Legends hit the screens on May 30 and opened to a decent response at the Indian box office. It earned Rs 1.6 crore (nett) on the first day despite receiving mixed reviews. The martial arts drama witnessed some growth on its first Saturday (May 31), emerging as the top choice of the franchise's ardent fans. Karate Kid Legends witnesses growth on first Saturday Karate Kid Legends, starring the legendary Jackie Chan, has made a decent impact at the box office despite failing to impress critics. According to Sacnilk, a trade website, it earned Rs 2.06 crore on the second day. This figure is nearly 29% higher than the Rs 1.6 crore it made on the opening day. Here is the day-wise breakdown: Day 1: Rs 1.6 crore Day 2: Rs 2.06 crore The film's total collection stands at Rs 3.66 crore. Karate Kid Legends holds a rating of 58% on the aggregator site Rotten Tomatoes, which indicates mixed reviews. It remains to be seen whether the average word-of-mouth affects the film on weekdays. Is Karate Kid Legends available on OTT Karate Kids Legends is currently not available on any streaming platform. It will, however, eventually premiere on Netflix. The streaming platform has a deal with Sony, the company behind the Karate Kid franchise. Karate Kids Legends is expected to premiere on OTT in September but the official date is yet to be announced. Karate Kid Legends is a martial arts drama directed by Jonathan Entwistle. The film revolves around a Kung Fu prodigy who tries enhance his skills to take part in a prestigious competition. The latest Karate Kid film stars Jackie Chan, Ralph Macchio, and Ben Wang. Dominic Lewis serves as the music director.
Zawya
26-05-2025
- Business
- Zawya
Mada Brokers launches first insurance aggregator in Bahrain
Mada Brokers licenced by Central Bank of Bahrain (CBB), has announced the launch of the first insurance aggregator in the kingdom, accompanied by the introduction of the mobile application, 'Shamil by Mada.' It currently offers three core insurance lines - Motor, Home, and Travel - through strategic partnerships with GIG Gulf, GIG Bahrain, and Solidarity. The platform is designed to simplify the insurance process, offering side-by-side comparisons of policies from leading providers. This groundbreaking initiative marks a significant milestone with the support and guidance of Central Bank of Bahrain (CBB), as Mada becomes the first company in Bahrain to provide clients with instant quotations for a variety of insurance products, including motor, home, and travel insurance. This advancement underscores Mada's commitment to harnessing technology to enhance customer experience and address the evolving needs of its clients. In addition to the mobile application, the aggregator is also accessible via the company's website. On the launch, Khaled Fuad Kanoo, the Chairman of the Board of Mada Insurance, said: "The launch of Mada's comprehensive digital application marks a major milestone in the Kingdom of Bahrain, as it introduces the first insurance aggregation platform of its kind." "The platform serves as a unified marketplace that streamlines the insurance purchasing process -empowering users to compare multiple products and choose the option that best aligns with their needs," he stated. Kanoo said: "At Mada Brokers, our mission is to drive the expansion of Bahrain's online insurance aggregator ecosystem—a model that has matured globally to become the primary channel for distributing personal and commercial insurance products." "Our goal is to offer a user-friendly platform that equips consumers with the tools and knowledge necessary to make confident, informed decisions about their insurance coverage," he added. Kanoo affirmed that Shamil by Mada is a key milestone in the company's journey, developed with the support and regulatory oversight of the Central Bank of Bahrain. It reflects Mada ongoing commitment to using digital innovation to create transparent, accessible, and seamless insurance solutions for all clients. In addition, Mada provides a range of corporate insurance solutions, offering coverage against a spectrum of risks such as property damage, business interruption, operational incidents, financial losses, employee benefits, and theft. For individuals, Mada's personal insurance lines cover losses arising from death, injury, or property damage, ensuring financial protection and peace of mind, said the statement. As part of its roadmap for continued expansion, Mada plans to introduce Medical Malpractice Insurance and Medical Insurance in the coming months - reinforcing its role in enhancing the insurance sector and addressing the evolving needs of Bahrain's diverse customer base, it added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
25-05-2025
- Business
- Trade Arabia
Mada Brokers launches first insurance aggregator in Bahrain
Mada Brokers licenced by Central Bank of Bahrain (CBB), has announced the launch of the first insurance aggregator in the kingdom, accompanied by the introduction of the mobile application, 'Shamil by Mada.' It currently offers three core insurance lines - Motor, Home, and Travel - through strategic partnerships with GIG Gulf, GIG Bahrain, and Solidarity. The platform is designed to simplify the insurance process, offering side-by-side comparisons of policies from leading providers. This groundbreaking initiative marks a significant milestone with the support and guidance of Central Bank of Bahrain (CBB), as Mada becomes the first company in Bahrain to provide clients with instant quotations for a variety of insurance products, including motor, home, and travel insurance. This advancement underscores Mada's commitment to harnessing technology to enhance customer experience and address the evolving needs of its clients. In addition to the mobile application, the aggregator is also accessible via the company's website. On the launch, Khaled Fuad Kanoo, the Chairman of the Board of Mada Insurance, said: "The launch of Mada's comprehensive digital application marks a major milestone in the Kingdom of Bahrain, as it introduces the first insurance aggregation platform of its kind." "The platform serves as a unified marketplace that streamlines the insurance purchasing process -empowering users to compare multiple products and choose the option that best aligns with their needs," he stated. Kanoo said: "At Mada Brokers, our mission is to drive the expansion of Bahrain's online insurance aggregator ecosystem—a model that has matured globally to become the primary channel for distributing personal and commercial insurance products." "Our goal is to offer a user-friendly platform that equips consumers with the tools and knowledge necessary to make confident, informed decisions about their insurance coverage," he added. Kanoo affirmed that Shamil by Mada is a key milestone in the company's journey, developed with the support and regulatory oversight of the Central Bank of Bahrain. It reflects Mada ongoing commitment to using digital innovation to create transparent, accessible, and seamless insurance solutions for all clients. In addition, Mada provides a range of corporate insurance solutions, offering coverage against a spectrum of risks such as property damage, business interruption, operational incidents, financial losses, employee benefits, and theft. For individuals, Mada's personal insurance lines cover losses arising from death, injury, or property damage, ensuring financial protection and peace of mind, said the statement.
USA Today
21-02-2025
- Business
- USA Today
Do Americans approve of President Trump? Here's what polls say a month into office
Do Americans approve of President Trump? Here's what polls say a month into office Show Caption Hide Caption Americans 'approve' of Trump's first month in office, CBS poll finds A majority of US adults polled by CBS News/YouGov approved of how President Donald Trump handled his first month back in the White House. President Donald Trump's approval ratings came out of the gates higher than his first term in 2017, but they remain low compared to other presidents during the same time span. Most polls taken in the first few weeks of his second term show more people approve of Trump's job performance than disapprove of it. However, early calculations published Jan. 28 by polling aggregator FiveThirtyEight showed the margin between Trump's approval and disapproval polling averages was the second-lowest among any other newly-elected president since World War II, outside of his first term. And that margin, also known as net approval rating, has shrunk as more polls have been released, moving from around 7 percentage points on Jan. 27 to around 1.3 percentage points on Feb. 20, FiveThirtyEight polling averages show. Polls taken during Trump's first month in office come as his administration has launched into a flurry of executive actions, court challenges and DOGE directives. Thousands of federal employees have been laid off as the administration looks to reshape federal agencies and slash government spending. How does Trump's approval rating compare to his first term and other newly inaugurated presidents? Using FiveThirtyEight's current polling average methodology retroactively, Trump's early net approval rating in 2017 was +3.2 points on Jan. 27. Just more than a week into their presidencies, Former President Joe Biden's was +21.8 and former President Barack Obama's approval rating was +46.9 points, FiveThirtyEight reported at the time. Biden maintained a positive approval rating of roughly 18 percentage points or more through his first month. But by the time he left office earlier this year, FiveThirtyEight data showed more respondents disapproved of him by 20 percentage points. Historically, presidents tend to be seen more favorably by the public at the beginning of their term and approval ratings often decrease through presidential tenures. That decline in public sentiment could be showing up for Trump already, as multiple polls conducted in mid-February have brought the president's net approval rating down, FiveThirtyEight's rolling poll average shows. 'Benefit of the doubt': Trump ratings are better now, expert says Despite Trump serving his two terms non-consecutively, Costas Panagopoulos, head of political science at Northeastern University, says it is still fair to compare his early approval ratings with past newly-inaugurated presidents. "It seems like Americans are giving Donald Trump the benefit of the doubt as he starts his second term," Panagopoulos said, noting that many don't expect things to change within his first month back in office. Panagopoulos said he has noticed some "red flags for the president" in approval polls, as some show respondents have concerns about how Trump is tackling his campaign priorities like inflation, but the president appeared to be in better standing than the start of his first term. "It is important to recognize that the country remains divided and highly polarized, and that is being reflected in the approval ratings," Panagopoulos said. "I mean, his election turned on a dime, and his approval ratings can turn on a dime too." What recent presidential approval polls are saying Washington Post/Ipsos: More respondents disapproved of Trump's job by 8 percentage points. (Poll conducted Feb 13-18; 2,601 adults; margin of error ±2.1 percentage points) The majority of respondents (57%) say Trump has exceeded his authority since taking office, the Post wrote. YouGov/TheEconomist: More respondents approved of Trump's job than disapproved by 3 percentage points (poll conducted Feb. 16-18; 1,451 registered voters; margin of error ±3.2 percentage points). Roughly half of Americans (51%) believe the U.S. is facing a constitutional crisis. Morning Consult: More respondents approve of Trump's work by 3 percentage points (poll conducted Feb. 14-16; 2,217 registered voters; margin of error ±2 percentage points). After three rounds of week-over-week declines, these ratings leveled out and are similar to numbers taken at the same point in his first term, according to Morning Consult. Gallup: More respondents disapprove of Trump's job overall by a 6-point margin (poll conducted Feb 3-16; 1,004 adult respondents; margin of error ±4 percentage points) His support is highly partisan, as the poll shows the gap between Democrats who approve of Trump and Republicans who approve of Trump is 89 percentage points, the highest Gallup has measured for any president. Echelon Insights: More Americans approve of Trump's job, 52% to 46%, (poll conducted Feb. 10-13; 1,010 likely electorate; margin of error ±3.6 percentage points) The survey also showed that voters do not approve of Elon Musk's current role with the federal government by an 11-point margin. Kinsey Crowley is a trending news reporter at USA TODAY. Reach her at kcrowley@ and follow her on X and TikTok @kinseycrowley.
