Fast Sale of Fiber Supplier FE professionals represented Ganxxet, an Ecommerce business focused on selling yarn, wool and other materials for textile creation
Company Overview:
Sold to
Launched in 2014, Ganxxet is a modern fiber supplier that caters to macrame, weaving, crochet, and knitting enthusiasts. They provide eco-friendly rope and yarn for various crafted projects, including macrame wall hangings, plant hangers, jewelry and
Private Buyer
bags. Additionally, they sell books, gift cards for their own store, and accessories. FE International ran a curated search, resulting in receiving a final deal within 3 weeks.
Ecommerce Consumer Goods
Key Value Drivers:
Buyer Interest:
Process Results:
• They have their own warehouse for storage and fulfillment that is staffed • Relatively large social media presence with 60.8k followers on Instagram • Many SKUs (over 2,000) and a large amount of inventory to date ($313k)
• 300 Parties contacted
• The transaction was closed within 3 weeks of being listed
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