Sunday, October 25, 2009

Fruugo Cannot Make Payroll

Arctic Start-up reports the hardly frugal Finnish eCommerce startup Fruugo is laying off 4 of 10 employees (20 of 50) and may not be able to pay salaries Oct. 15th. Real shame to see Fruugo crash and burn so dramatically. Maybe they can harvest some good ideas and turn it around.

But focusing on "Health and Beauty products" for Finnish customers linked to British shops hardly sounds like a winning strategy. By the way, what do the Brits know about health and beauty anyway?

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