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Zando threatens legal action against Ventureburn over Koser claim
South African online retailer Zando has threatened legal action against Ventureburn, a subsidiary of Burn Media, via its attorneys Webber Wentzel, following an article that was published on the site last week.
Zando's online fashion store made serious waves after arriving in South Africa in late 2011. Since then, it claims it has grown to become South Africa's largest online fashion player and is providing serious competition to the likes of established ecommerce players such as Kalahari and Takealot.
The company is a subsidiary of the German-based Rocket Internet, a startup incubator whose business model is to identify successful internet ideas and replicate them in other countries.
Last Wednesday, Memeburn published this piece on sister site Ventureburn about the resignation of Zando co-founder and managing director, Manuel Koser, and the possibility that he may have been pushed out due to lack of confidence from investors.
Read the full story on Ventureburn.com.
Source: Memeburn
Launched in April 2010 by Matthew Buckland, Memeburn is a news and opinion platform tracking tech culture, innovation and business. It plays particular attention to the web, mobile, social media, online media and social networking fields. Key opinion-leaders contribute to Memeburn, providing their insights on the online industry. Subscribe via email or RSS for regular updates. Follow memeburn on Twitter at @memeburn.
Go to: http://www.memeburn.com
