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Momox

From Wikipedia - Reading time: 2 min

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 20 square metres (220 sq ft) 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]

As of 2019, 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

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Notes

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  1. ^ "About us".
  2. ^ Schneider, Christoph David (n.d.). "Interview mit Christian Wegner, Gründer von Momox". Start Stories (in German).
  3. ^ "Vom Arbeitslosen zum Secondhand-König". Galileo (in German). ProSieben. 21 June 2019. Retrieved 26 August 2021.
  4. ^ Gartz, Katya (5 May 2011). "Der Buchverkäufer mit dem goldenen Händchen". Der Tagesspiegel.
  5. ^ "'Wachstumskapital in Millionenhöhe': Acton steigt bei momox.de ein". Deutsche Startups (in German). 2 December 2010.
  6. ^ "momox expandiert nach Österreich". APA-OTS (in German). 10 January 2012.
  7. ^ "Re-Commerce: Momox macht 250 Millionen". Börsenblatt (in German). 3 March 2020.
  8. ^ "Norweger stocken bei Momox auf – Gründer verkauft seine Anteile". Handelsblatt (in German). 11 January 2019.
  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. ^ "Re-Commerce Marktführer momox expandiert nach Spanien und Italien". Retrieved 5 January 2023.
  11. ^ "momox ist nun eine europäische Aktiengesellschaft". Retrieved 5 January 2023.
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Licensed under CC BY-SA 3.0 | Source: https://en.wikipedia.org/wiki/Momox
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