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KBS Corporate has advised on the successful sale of Stonehaven based children’s online fashion boutique, Olkeo Ltd, for an undisclosed sum.
Olkeo Ltd, trading as Bibaloo, was acquired by Young Ideas Fashion Limited, an award winning luxury fashion retailer in Ashbourne, Derbyshire.
Bibaloo is one of the top 3 UK-based multi-brand online retailers within the children’s fashion sector. Its niche is to focus on high-end French fashion labels, currently distributing over 60 clothing brands to a worldwide client base.
KBS Corporate identified over 100 potential acquirers for the business, resulting in 25 interested parties and several offers received before a deal was agreed with Young Ideas, who will use the acquisition to develop their e-commerce business into children’s fashion.