Momox Explained

momox SE[1] is a Berlin-based recommerce site for used books and media founded by Christian Wegner in 2004.

Wegner has said that "momox" stands for "Moderner Medien Online Express-Ankauf" ("Modern Media Online Express Purchase").[2]

Wegner started selling used items in 2004 with 1500 euros start-up capital and of storage space, selling on eBay and Amazon.[3] In May 2006, he founded Momox GmbH and the momox.de web site for buying books, CDs, and DVDs. The selling site Medimops opened in 2007.[4]

In 2010, other investors joined the company.[5] The company expanded to France, Austria, and Great Britain in 2011.[6] In 2019, Momox had €250 million in sales.[7]

, the majority owner is Verdane Capital of Norway, and Wegner has sold all his shares.[8]

Due to Brexit, the company had to discontinue its service on momox.co.uk in December 2021.[9]

In 2022, there was an expansion of the offering to Spain and Italy.[10] On 14 December 2022, there was a transformation from a stock corporation to a European company.[11]

See also

Notes

  1. Web site: About us. en .
  2. Web site: Christoph David . Schneider . Interview mit Christian Wegner, Gründer von Momox . Start Stories . n.d. . de .
  3. Web site: Vom Arbeitslosen zum Secondhand-König . . . 21 June 2019 . de . 26 August 2021 .
  4. News: Katya . Gartz . Der Buchverkäufer mit dem goldenen Händchen . Der Tagesspiegel . 5 May 2011 .
  5. Web site: 'Wachstumskapital in Millionenhöhe': Acton steigt bei momox.de ein . Deutsche Startups . 2 December 2010 . de .
  6. News: momox expandiert nach Österreich . APA-OTS . 10 January 2012 . de .
  7. News: de . Re-Commerce: Momox macht 250 Millionen . . 3 March 2020 .
  8. News: Norweger stocken bei Momox auf – Gründer verkauft seine Anteile . Handelsblatt . 11 January 2019 . de .
  9. Message on https://www.momox.co.uk/ "Important information: Due to Brexit, we have to discontinue our service on momox.co.uk for the moment! Open sales will be processed and you can still access your account."
  10. Web site: 2023-01-05. Re-Commerce Marktführer momox expandiert nach Spanien und Italien.
  11. Web site: 2023-01-05. momox ist nun eine europäische Aktiengesellschaft.

External links

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