Growing your business is never easy, but the boom of eCommerce opens up opportunities to SMEs that were not previously available. In this session, Lovehoney uses their own case study to impart practical advice on developing your ecommerce business, describing their growth from launch in 2001 with a £9,000 investment from co-founders Richard Longhurst and Neal Slateford to a turnover in excess of £16m. Join Lovehoney Co-Founders for real-life insight from the professionals that made the eCommerce revolution work for them.
Speaker and Company Biography: Neal Slateford, Co-Founder and Richard Longhurst, Director & Owner, LoveHoney
Lovehoney was started in 2001 with a £9,000 investment from co-founders Richard Longhurst and Neal Slateford. Now employing more than 70 people at its warehouse and office in Bath, Somerset, Lovehoney has a turnover in excess of £16m and is growing at 20% a year. Lovehoney is the largest online retailer of adult products in the UK, has significant B2B sales in the US, Europe and Australia, and last year bought luxury erotic boutique Coco de Mer. The company is still owned 50/50 by the co-founders, with no debt or outside investment.
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