E-commerce entrepreneur Ruslan Kogan believes multiple Australian online retailers will collapse over the next year and says his company is poised to acquire them if the opportunity arises.
Speaking to AAP, the founder and chief executive of booming online retailer Kogan.com refused to name any specific retailers, but said the process of acquiring collapsed retailer Dick Smith Electronics last year put Kogan in good stead to pick up any other floundering e-commerce websites in future.
Over the last decade there has been a lot of online retailers who have done a great job in raising money building a website and then blow all the money on marketing and building a brand, Kogan told AAP.
As a result of that, we see …
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