Brosa cofounders Richard Li and Ivan Lim.
Business

Kogan snaps up failed furniture retailer Brosa for $1.5 million

- December 22, 2022 3 MIN READ

ASX-listed online retailer Kogan.com has swooped on another distressed asset, acquiring failed furniture brand Brosa a week after it was placed in voluntary administration. Administrators KordaMentha reached a deal with Kogan.com (ASX:KGN) to buy Brosa’s assets for $1.5 million after more than 30 parties expressed interest in the 48 hours after the business was placed… Read more »

Kogan.com
ASX

Kogan.com’s misleading ‘tax time savings’ ads cost the company a $350,000 fine

- December 7, 2020 2 MIN READ

A marketing campaign by Kogan.com that the Federal Court declaring “false and misleading” has cost the online retailer $350,000 as well as legal costs. Competition regulator the ACCC launched legal action against Kogan.com last year over the 2018 “tax time savings” alleging that the company increased prices on 621 products, in most cases by at… Read more »

Ruslan Kogan. supplied
Topic

Kogan.com just had its best Christmas trading, but its shares are getting smashed as profit growth slows

- January 20, 2020 3 MIN READ

  • Gross sales grew by more than 16% • Gross profit grew by more than 9% • Operating costs declined marginally • Cash at period end was $34.1 million Kogan.com Ltd (ASX: KGN) has defied tough retail conditions to post a record half-yearly result helped by its best-ever Black Friday and Boxing Day trading… Read more »

Topic

Online retailer Kogan.com is being sued by consumer watchdog the ACCC over false discounts claims

- May 23, 2019 2 MIN READ

 The Kogan.com promotion the ACCC alleges was misleading. Internet entrepreneur Ruslan Kogan’s online retail empire has fallen foul of consumer watchdog the ACCC (Australian Competition and Consumer Commission), which is suing the business over false or misleading conduct claims, alleging Kogan increased prices ahead of a discount sale. The ACCC has launched Federal Court action… Read more »