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The founders of flash Sales site SecretSales, Nish and Sach Kukadia, have completed a management buyout of the company, alongside new investor Big Ideas Group.
SecretSales has confirmed it is making a “number of roles” redundant following a review of the business, just three weeks after the flash Sale site was sold to Excalibur Group.
Four directors at SecretSales, including chairman Sergio Dias, have left the business following the sale of the flash Sale site to Excalibur Group, the owner of discount deals websites Wowcher and LivingSocial UK and Ireland.