Luzern Solutions Ltd., a
Luzern Solutions Limited, the leading eCommerce platform for managing the return and sale of consumer goods returned at point of sale has raised EUR 2.5 million to accelerate the expansion of its international operations.
Roughly 6% of consumer electronics products sold to consumers are returned to retailers. Managing this reverse supply chain and realising the maximum amount of value for this inventory is a huge challenge for manufacturers and distributors. Luzern's platform takes control of this inventory on behalf of manufacturers. In addition to consumer electronics, Luzern has the ability to handle other products such as sporting equipment and household goods.
Luzern's proprietary web based application “Channel Optimiser” empowers product manufacturers to manage the flow of these products. It also allows Luzern to act in partnership with product manufacturers to achieve the highest prices possible for this inventory by selling it through eCommerce Marketplaces such as Amazon, eBay, PriceMinister and www.luzerntech.com in Europe and the
“Luzern Solutions is exactly the sort of Irish company we like to support”, said Dermot Berkery of Delta Partners. “It is developing an unrivalled platform for managing and selling inventory, particularly B stock returned to retailers, through eCommerce channels particularly in
CEO of Luzern Solutions Ken Doyle said: “With operations in
About Luzern Solutions Limited
Luzern Solutions Limited, founded in 2002, provides a range of innovative eSolutions and services on behalf of consumer electronic manufacturers to maximise the financial return attainable from sales of product returns and surplus inventories. All activities are facilitated by Luzern's proprietary application “Channel Optimiser”. Channel Optimiser provides easy access to multiple marketplaces with millions of consumers throughout