Ex-Fab exec starts online discounter Lesara



German serial entrepreneur Roman Kirsch, who sold shopping club Casacanda to Fab in the first of that company’s international acquisitions, is starting a new venture: online discount store Lesara.

The new company, set up in September 2013 and based in Berlin, currently employs about 20 people. It went live today in Germany, offering a relatively small selection of clothing, jewelry, electronic and home goods, with Austria up next.

Kirsch, 25, helped lead Fab’s expansion in continental Europe and spent about a year as its Senior Vice President of Marketing and Communications. He left the company before the mass layoffs in Berlin and New York in July and October 2013.

“I left the company at the end of last year to start looking for new ideas,” Kirsch said. “I travelled a bit, I went to Silicon Valley and all the different hot spots and decided to go back to Berlin. It’s the most exciting place to start a company.”

His aim now is to create the online-only equivalent of stores such as Target, Aldi, Lidl and Tchibo. There are three pillars to that strategy: a best-price guarantee, enabled by exclusive deals with manufacturers, backed by heavy use of business intelligence to identify trends.

Unlike Amazon, the obvious giant in the room, Lesara will only stock between 200 and 300 goods at a time to reduce the complexity of the shopping experience. This is seen as particularly important for Lesara’s target group of women over 35. “We want to be a pioneer when it comes to easy shopping online,” Kirsch said.


Source: The Verge - Read the original article here

Author: Daily Tech Whip

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