Buddi IPO: Everything you need to know about Buddi
Ben Lobel April 30, 2021 5:00 PM
Electronic tracking device Buddi, launched by Confused.com founder Sara Murray, is preparing to IPO this year. Read on for more about the company’s background and growth ahead of the listing. Share:
What is Buddi?
Buddi is a GPS tracking technology business offering an electronic wristband that monitors the location of vulnerable people, and also produces a range of accompanying tracking products and accessories.
Founded in 2005 by Confused.com founder Sara Murray after her four-year-old daughter temporarily went missing in a supermarket, the company originally set out to offer a service that tracked the whereabouts of children. But opportunities instead presented themselves in prisoner tagging, health services and local authorities.
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Inchcapeâs UK car dealership operation showed ârelative resilienceâ in a COVID-impacted âLockdown 3â as its distribution business offset revenue losses from retail, the PLC has reported.
In a trading update for the period to March 31, the AM100 car retail group said reported revenues âahead of expectationsâ at £1.9 billion.
But in a period that saw the group step-further back from franchised retail with an agreement to sell its Toyota and Audi dealerships in St. Petersburg, Russia, for £70m, retail revenues declined 18% on a reported basis, 14% on a constant currency basis and 2% organic.
In contrast, distribution revenues delivered 10% growth on a reported basis and 9% on a constant currency basis (up 4% organic).
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