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Global Savings Group

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Global Savings Group
Company typePrivate
IndustryOnline Marketing
Founded2012
FounderAndreas Fruth, Adrian Renner, Gerhard Trautmann
Area served
Worldwide
ServicesOnline services
RevenueIncrease 165 million (2022)[1]
Number of employees
~1,300 (2024)
Websitewww.global-savings-group.com

Global Savings Group (GSG) is a privately held international commerce content and affiliate marketing company, that combines multiple savings portals in over 20 countries. The company owns CupoNation and Coupons.com, as well as several other discount code and deal sites across Europe, and operates coupon portals for publishing houses.[2][3] GSG has won the German Deloitte’s Technology Fast 50 award[4] and was included in Deloitte’s Technology Fast 500 EMEA list in 2017. In 2016, the company generated $546 million in sales for retailers.[5] The company is headquartered in Munich, Germany.

History

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Global Savings Group was founded in 2012 by Andreas Fruth, Adrian Renner, and Gerhard Trautmann together with Rocket Internet. They had also previously collaborated on Dropgifts GmbH, a site that allowed users to engage in social and mobile gifting.[6] In 2016 the company changed its name from CupoNation Group.[7] In 2019, Global Savings Group acquired the UK-based money-saving browser extension provider Pouch for a cash purchase in the 7-figure US dollar range.[8] In 2020, Global Savings Group made a significant acquisition by purchasing iGraal, a leading French cashback company, for €123.5 million. [9] The company continued its expansion in 2021 with the acquisition of Shoop, a prominent cashback platform based in Berlin. The exact amount of this acquisition remains undisclosed.[10] GSG acquired US based consumer savings brand and domain Coupons.com in October 2022.[11] In December 2022, Global Savings Group bought Pepper.com and its network of savings portals.[12]

Company structure

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Global Savings Group GmbH, based in Munich, Germany, serves as the parent company within the Group. Listed below are the main subsidiaries and the associated internet portals or services.[13][14]

Name of the company Registered office Portals / services
Cuponation GmbH Munich, Germany Cuponation.de
Shoop Germany GmbH Berlin, Germany Shoop.de
Social Shopping Group GmbH, 6Minutes Media GmbH Berlin, Germany Chollometro.com, Dealabs.com, Desidime.com, Hotukdeals.com, Mydealz.de, Pelando.com.br, Pepper.com, Pepper.it, Pepper.pl, Pepper.ru, Preisjaeger.at, Promosdescuentos.com
Igraal SAS Paris, France Igraal.com
Global Savings Group France SAS Paris, France Cuponation.fr
Global Savings Group Poland Sp. z o.o. Warsaw, Poland Cuponation.pl
Promotrend do Brasil Servicos de Marketing e Divulgacao LTDA Sao Paulo, Brazil Cuponation.com.br
Honeycomb eServices Private Limited Bangalore, India
Cuponation, S.L.U. Madrid, Spain Cuponation.es
Imbull B.V. Amsterdam, Netherlands Flipit.com, Kortingscode.nl
Global Savings Group Limited London, United Kingdom Cuponation.co.uk
Global Savings Group SG Malaysia SDN BHD Kuala Lumpur, Malaysia Cuponation.co.id, Cuponation.com.my
GSG North America LLC Atlanta, United States Coupons.com

Shareholders

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Name of the company Investor Share in %
M6 Digital Services SAS, La Madeleine, France Groupe M6 (Owned by RTL Group and CMA CGM) 31,388
164 Capital GmbH, Berlin, Germany Fabian Spielberger, Founder and co-founder of Mydealz.de and Shoop.de 24,9332
HV Capital COCO Growth Fund GmbH & Co. geschlossene Investment KG, Munich, Germany HV Capital (formerly Holtzbrinck Ventures) 17,5865
Lauderdale GmbH & Co. KG, Hamburg, Germany Deutsche Telekom Capital Partners 6,5012
RTP Capital Limited, Larnaca, Cyprus RTP Global, Leonid Boguslavsky 5,0502
Rocket Internet SE, Berlin, Germany Rocket Internet 4,811
Rocket Internet Capital Partners SCS, Bertrange, Luxembourg Rocket Internet 3,7977
Rocket Internet Capital Partners (Euro) SCS, Bertrange, Luxembourg Rocket Internet 2,1832
GenGlobal Concur LLC, Wilmington, Delaware, United States General Global Capital 1,5809
J. B. V. Vroom Holding B. V., Zeist, Netherlands 0,8515
Adrian Renner, Andreas Fruth, Bambino 53. VV GmbH, Draram VV UG (haftungsbeschränkt), FSG2005 UG (haftungsbeschränkt), Gerhard Trautmann, GSG Team GmbH, Germany Executives and founders of GSG with own investment companies 1,0519

As of: October 2023[15]

References

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  1. ^ "Der König der Online-Rabatte". Frankfurter Allgemeine Zeitung. 27 July 2024. Retrieved 22 August 2024.
  2. ^ "Rocket-Backed Coupon Site Partners With Daily Mail for U.K. Push". Bloomberg. Bloomberg News. 11 November 2016. Retrieved 12 December 2017.
  3. ^ "Spiegel Online eröffnet Gutschein-Portal". Turi2. Retrieved 12 December 2017.
  4. ^ "Deloitte Technology Fast50 2017". Deloitte. Retrieved 12 December 2017.
  5. ^ "Rocket Internet Gets Boost as Its Coupon Startup Has Profit". Bloomberg. Bloomberg News. 24 August 2017. Retrieved 12 December 2017.
  6. ^ "StartUp Grind". StartUp Grind. Retrieved 12 December 2017.
  7. ^ "CUPONATION Revamps as Global Savings Group to Boost Position in Performance Marketing". PerformanceIn. 2 June 2016. Retrieved 12 December 2017.
  8. ^ "Pouch, the browser extension that surfaces discount codes, has been acquired by Global Savings Group". TechCrunch. 7 January 2019. Retrieved 13 February 2020.
  9. ^ "Global Savings Group acquires French cashback company iGraal for €123.5M". TechCrunch. 23 March 2020. Retrieved 10 June 2020.
  10. ^ Building upon this success, the company continued its expansion in 2021 with the acquisition of Shoop, a prominent cashback platform based in Berlin. The exact amount of this acquisition remains undisclosed."Global Savings Group to acquire Shoop Germany". FinExtra. 8 January 2021. Retrieved 11 November 2021.
  11. ^ GSG (2022-10-26). "Global Savings Group to acquire brand and domain Coupons.com". Global Savings Group News. Retrieved 2024-05-16.
  12. ^ "Global Savings Group and Pepper.com Are Joining Forces". businesswire. Retrieved 19 January 2023.
  13. ^ "Mydealz-Übernahme befeuert das Millionengeschäft mit Rabatten im Internet" [Mydealz takeover fuels the million-dollar online discount business]. www.handelsblatt.com (in German). 2022-12-07. Retrieved 2024-07-18.
  14. ^ Global Savings Group GmbH - Konzernabschluss zum Geschäftsjahr vom 01.01.2021 bis zum 31.12.2021 [Global Savings Group GmbH - Consolidated financial statements for the financial year from January 1st, 2021 to December 31st, 2021] (in German). Munich, Germany: Global Savings Group GmbH. 2022-11-03.{{cite book}}: CS1 maint: date and year (link)
  15. ^ Global Savings Group GmbH - Liste der Gesellschafter [Global Savings Group GmbH - List of shareholders] (in German). Munich, Germany: Amtsgericht München. 2023-10-24.{{cite book}}: CS1 maint: date and year (link)