The business originally founded as one of the UK’s first online flash sales operations, SecretSales, has seen its remaining founder Sach Kukadia exit as the new owner Lifestyle Retail Group pushed through a pre-pack administration. This will see the business, now headed by Chris Griffin (ex-Superdry) and Matt Purt (ex-eBay) move from its flash sales roots to operate as an online marketplace with brand storefronts as well as retail pop-up shops in a range of locations.
A number of the SecretSales team have been made redundant as a result of the move and it is understood that there are significant sums owed to creditors.
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