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2024 Global Technology, Media & Telecom Industry Report

In 2024, spending on the information technology (IT) sector is forecast to rebound to 8%, up from 4% in 2023. The year 2024 will be when the media sector begins to see improved EBITDA and cash flow. Streaming losses are also expected to lessen, improving on a trend that started in 2023. For the telecom sector, stable trends are expected, with moderate growth in earnings, as demand for data remains solid.


Benchmark International Successfully Facilitated the Transaction Between PLC and MH Direkt E-Commerce & Fulfillment GmbH & Co

Benchmark International is pleased to announce the acquisition of London-based Firebox by Austrian-based MH Direkt.

Established in 1998, is an online retailer of unusual gifts, games, gadgets, and food & drink goods. Launched on the back of its incredibly successful invention; the ‘shot glass chess set’, Firebox was one of the first UK e-commerce success stories.

MH Direkt is a one-stop provider for the e-commerce sector and works with a number of online retailers. It owns European gift sites Radbag, Troppotogo and CadeauxFolies.

Do you have an exit or growth strategy in place?

The acquisition of Firebox is an important milestone in the growth strategy of MH Direkt as it looks to develop in the UK, with Firebox providing the opportunity to build up local warehouse and fulfilment capabilities. 

Post-acquisition, both shops will operate separately, but work closely together in terms of marketing and product development.


Walmart pushes further into online retail market with new acquisition

It’s no secret that Walmart has grand plans to muscle in on some of Amazon’s online retail market share and it seems the US retail giant has edged closer with the acquisition of ModCloth.


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