Momox moves toward independence from EBay, Amazon

27 Jun 2017

Momox, Germany’s largest recommerce site, announced today it grew profits by an impressive 55 percent in FY2016, pocketing €6.8 million ($7.7 million U.S.), compared to €4.4 million ($5 million U.S.) in FY2015. In the news release (here in German), CEO Heiner Kroke said that going forward, the company wants to focus on building its own brands in an effort to become more independent from EBay and Amazon, through which it sells a large volume of used goods.

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Kate Rodriguez

Kate Rodriguez covers the German market for AIM Group. She is a freelance business writer with an extensive background in public policy, business consulting and marketing. Originally from the U.S., Kate is now based in Munich.