Hardy Capital Partners and some prominent Canadian investors have acquired a couple of online stores for footwear. They have bought OnlineShoes.com, a relatively old and profitable virtual shoe shop based in Seattle, and ShoeMe.ca, a virtual shoe retailer across the U.S.-Canadian border in Vancouver. Together, the two online retailers are making an annual turnover of around 200 million Canadian dollars (€137.54m-$186.03m), offering more than 350 brands of shoes and serving more than 1.5 million customers. Hardy Capital Partners is the investment vehicle of Roger Hardy, who sold a few weeks ago Coastal.com, the world's largest online retailer for contact lenses and eyeglasses, to Essilor International of France for Can$430 million (€295.73m-$400.00m). He says that he and his partners “are determined to redefine the shopping experience for North American consumers while delivering the savings and convenience they've come to expect from other online categories.” As he did with Coastal.com, Hardy will probably want to develop it internationally.

Topics