Secret Sales has confirmed that it is making “a number” of back-office staff redundant, just weeks after it was sold to a private-equity firm.

Around 20 back-office employees will be made redundant following a review of the business, according to Drapers.

Secret Sales chief executive Nish Kukadia said: “We have a clear plan to deliver growth and profitability.

“As a part of this, we have taken the opportunity to streamline some of our business processes and operations, and the consequence of this will be re-organising the business and making a number of roles redundant.

“At the same time, we are increasing our investment in customer acquisition, our technology platform and distribution systems, all of which will benefit our many supplier partners.”

Several senior members of staff have already left the business, including chief financial officer Neil Alexander and chairman Sergio Dias.

Secret Sales was acquired by Excalibur Group, owner of Wowcher, last month. Excalibur is owned by private-equity firm Exponent Private Equity.

 

 

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