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.http://www.arcticstartup.com/2009/10/07/fruugo-lays-off-40-of-its-employees/#more-9440 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?