Lesara Explained

Lesara
Type:Privately held company
Industry:Fashion
Predecessors:-->
Successors:-->
Founded:2013[1]
Founder:Roman Kirsch[2]
Hq Location Country:Germany
Num Locations:24 (Europe)[3]
Num Locations Year:2017
Area Served:Europe
Key People:Roman Kirsch, Founder and CEO
Robin Müller, Co-Founder and CTO
Matthias Wilrich, Co-Founder and COO
Revenue:€75 million[4]
Revenue Year:2016
Profit:-->
Profit Year:-->
Owners:-->

Lesara was a clothing e-commerce site founded in Berlin in 2013. On November 9, 2018, the company filed for bankruptcy.[5]

History

Lesara was founded in 2013 by CEO Roman Kirsch, COO Matthias Wilrich, and CTO Robin Müller.[6] [7] The company's head office was located at the Schicklerhaus in Berlin, Germany, and the second office was in Guangzhou, China.[6]

Retail

See main article: Agile retail. Lesara was one of the first companies that used the concept of agile retail within the fashion industry.[8] Agile retail is a direct-to-consumer retail model that uses big data to try to predict trends, manage efficient production cycles, and optimize turnaround on emerging styles.[9] The company used data acquired from Google, social media, and blog posts, then analyzed it to identify current trends.[10]

Criticism

In 2015, Lesara GmbH initiated a legal action against Daniel Brückner, but the case was dismissed by the Landgericht Köln (Regional Court, Cologne) in 2016.

[11] [12]

In September 2016, Beobachter reported about alleged illegal crossed-out prices in Switzerland, citing Guido Sutter, chief legal adviser of Federal Department of Economic Affairs, Education and Research (SECO) in Switzerland.[13]

In early 2018, manager magazin reported that Lesara inflated revenue figures by not accounting for returns.[5]

In November 2018, Lesara CEO Roman Kirsch filed for bankruptcy.[14]

Notes and References

  1. Web site: Seven-figure funding for Lesara – the online store for discount products . Michelle . Kuepper . 2014-01-13 . 2017-07-07.
  2. Kleider geil . Peter . Maxwill . 2015-11-02 . . 2017-07-07.
  3. Web site: Lesara » Corporate Website. Lesara. 15 August 2017.
  4. News: Lesara, pionnier du prêt-à-porter prédictif . Nadine . Bayle . 2017-06-26 . . 2017-07-07.
  5. Web site: Das Wunderkind muss Insolvenz anmelden. manager magazin. 11 November 2018.
  6. Chloe Gendron,News: Lesara: Using Technology To Make Fast Fashion Faster. 6 August 2016. techcrunch.com. 13 June 2016.
  7. News: Online Fashion Store Expands to 16 Countries in Europe. 6 August 2016. techcrunch.com. 4 December 2015.
  8. Craig Guillot, News: Lesara Uses Agile Management and Data to Meet Retail Fashion Trends. insights.samsung.com. 6 August 2016.
  9. Nadya Khoja, "Changing Clothes: How Agile Retail is Disrupting the Fashion Industry", business.com, July 20, 2016.
  10. Web site: How Lesara increased its sales by 175% to a 'high double-digit million' . Francois . Badenhorst . 2017-02-13 . 2017-07-07.
  11. News: 2017-03-17. toptestsieger.de vor Gericht - Ein Rückblick auf 2016. de-DE. toptestsieger.de. 2017-07-14.
  12. Web site: Landgericht Köln, 28 O 448/15. 14 July 2017.
  13. Web site: Billigware mit Pseudorabatt. Haefely. Andrea. 13 September 2016. beobachter.ch.
  14. Web site: Lesara hat Insolvenz beantragt MDR.DE . www.mdr.de . dead . https://web.archive.org/web/20181110153837/https://www.mdr.de/thueringen/lesara-logistikzentrum-erfurt-offenbar-insolvenz-100.html . 2018-11-10.