Kiddicare website purchased by Morrisons
U.K. supermarket chain purchases baby goods website to develop non-food based online venture.
By James Preston Published 15 February 2011
Supermarket giant Morrisons has purchased Kiddicare, a website selling baby goods, in a £70m deal.
The deal is Morrisons' first steps into developing a non-food based online business, with the supermarket saying it will use Kiddicare's technology as a basis for developing the venture. The first products are expected in 2012.
Dalton Philips, chief executive of Morrisons said: "This acquisition brings not only a respected, successful and fast growing specialist retailer into the Morrisons group but also a robust, scalable and highly advanced technology platform around which we can begin to build our e-commerce offer."
Kiddicare, which was founded in 1974, will continue to trade under the kiddicare.com banner.
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