Mark-drinks-coffee Apart from the previous owners/ shareholders who I presume pocket the £100m sale price?
I obviously have no idea what the motivations were for the founders/ owners of Lelit but a number of entrepreneurs/ start ups have the explicit aim of building a company to then be acquired by someone else. They often have this exit strategy from day 1.
Yes, of course some people’s strategy is to make an exit, and others can’t resist the temptation. And obviously Lelit’s owners/shareholders will make money as well. That isn’t the point I was trying to make. The point is that the reality today is that there is only room for very few players, who are so strong that no one else can compete (and if anything good tries - they will buy it).
Yes, buying things on amazon is convenient and the prices usually a little cheaper, but this comes at a huge cost to everyone while Jeff Bezos becomes richer and stronger than most countries. As a coffee hobbyist, I don’t see any way to look at Breville buying Lelit as a positive thing.
I am not sure this is the best place for this discussion, and it seems that we will only go round in circles if we continue. I will try to stop. :)
