I Want One of Those explained

IWOOT
Type:Online shopping
Location Country:United Kingdom
Founder:Tim Booth, Angus Clacher and Mike Morrison
Editors:-->
Products:Gadgets, toys, clothing and homeware
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Num Employees:-->
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I Want One of Those (also referred to as IWOOT) is an online retailer of gadgets, toys, clothing and homeware.[1] [2] It was acquired by THG plc from Findel Group in 2010.[3] In July 2023, THG confirmed the sale of its OnDemand division to its existing leadership team, with financial backing from investment firm Gordon Brothers.[4]

History

The company was founded in January 2000 by Tim Booth, Angus Clacher and Mike Morrison with an initial investment of £15,000.[5]

In October 2004, Kleeneze plc acquired IWOOT for £6.0 million in cash to be paid overa three-year period plus performance related deferred consideration of up to£4.65 million, payable over three years.[6]

In August 2010, I Want One of Those and the wedding planning website Confetti were sold by Findel plc to The Hut Group for £600,000.[7]

In July 2023, THG confirmed the sale of the OnDemand division, including IWOOT, to its existing leadership team as ZavviGroup Ltd, with financial backing from investment firm Gordon Brothers.[4]

Notes and References

  1. Web site: Company Overview of I Want One of Those.com Limited . https://web.archive.org/web/20100525051801/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=23399079 . dead . 25 May 2010 . Bloomberg Businessweek . 2 March 2014.
  2. Web site: Arm . Aaron . Gadgets Galore: IWantOneofThose.com . Imprint Magazine . 29 January 2016 . 12 March 2006.
  3. Web site: The Hut Group makes double acquisition . Growth Business. 2010-08-12 . 2017-02-05.
  4. Web site: July 21, 2023 . 21 July 2023 . THG sells OnDemand division to management . Retail Gazette.
  5. Web site: Company Overview . 2006 . IWOOT . dead . 25 October 2016 . https://web.archive.org/web/20070527133207/http://www.iwantoneofthose.com/overview.do . 27 May 2007 . dmy-all .
  6. Web site: FE Investegate. FE Investegate. 14 March 2017.
  7. News: Rigby . Chloe . Confetti and I Want One of Those change hands . 29 January 2016 . Internet Retailing . 13 August 2010.