Co-founder of group buying site Cobone leaves firm

Site, which competes with the likes of US-based Groupon, offers daily deals on products

The co-founder of Dubai-based group buying website Cobone has left the firm, it was confirmed to Arabian Business on Wednesday.

The site, which competes with the likes of US-based Groupon, offers daily deals on products and services such as holidays, electronics and restaurants. It was launched in 2010 and currently has around 750,000 subscribers in the region.

Henri Hazoughi, co-founder and regional sales head told Arabian Business via mobile phone that he had left the firm, while declining to say why. Paul Kenny, the site's other co-founder, is said to still be with the firm.

LivingSocial, another group buying website, announced earlier in the summer that it would be pulling out of the Middle East market altogether.

The ecommerce industry in the Middle East is valued at around US$11bn per year.

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

NOTE: Comments posted on arabianbusiness.com may be printed in the magazine Arabian Business

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
How Ramadan has earned prime spot on Gulf fashion calendar

How Ramadan has earned prime spot on Gulf fashion calendar

From Dolce & Gabbana to Michael Kors, major brands are catering...

Focus: 'Amazon did not come to the region for Souq.com alone'

Focus: 'Amazon did not come to the region for Souq.com alone'

E-commerce experts say retailers will have to up their game following...

5
Saudis tighten their belts for Eid in age of austerity

Saudis tighten their belts for Eid in age of austerity

Gov't cuts, which began late in 2015, are now rippling through...

Most Discussed
sponsoredTracking