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ManoMano Cuts Workforce by 25% as DIY Depression Hits

NEWS Source:- https://www.lesechos.fr/industrie-services...

Important key takeaways:-

ManoMano, an online DIY retail platform with 16 million product references, is cutting its workforce by 25% due to market slowdown and rising interest rates, which have impacted start-up financing.

The company has presented a reorganization project to staff representatives, potentially resulting in the elimination of up to 150 positions in France and 80 in Spain. ManoMano currently has a workforce of 900 employees.

ManoMano competes with retailers like Leroy Merlin and Castorama and is making this move to adapt to changing market conditions.

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Company Profile:-

Founded: 2013
Industry: DIY, E-Commerce, Home and Garden, Home Improvement, Internet, Marketplace
Location: Paris, Ile-de-France, France
Total Funding: $86.8M
Company Stage: Series F
Founders: Christian Raisson, Philippe de Chanville
Website: www.manomano.fr

🏡 Revolutionizing Home Improvement and Gardening 🏡

Overview:
Welcome to ManoMano, where innovation meets DIY to transform the way we improve our homes and gardens. As a dynamic online marketplace, we're committed to providing an extensive range of products and expertise, empowering people to enhance their living spaces. With a passion for home improvement, gardening, and a commitment to reimagining the DIY market, ManoMano is at the forefront of reshaping how we transform our homes.

Mission:
At ManoMano, our mission is to make home improvement and gardening accessible, affordable, and enjoyable for everyone.

Key Offerings:
🔨 Home Improvement Paradise: ManoMano offers an extensive catalog of tools, materials, and products to tackle any DIY project.

🌻 Gardeners' Haven: We provide a vast range of gardening supplies, from plants and outdoor furniture to equipment and advice.

🌟 Innovation: ManoMano leverages technology to streamline the shopping experience, from product selection to delivery.

🌍 Community: We foster a community of DIY enthusiasts who share knowledge and experiences, creating a space for learning and inspiration.

Why Choose ManoMano?
🌟 Product Variety: ManoMano boasts a wide selection of products and solutions for every DIY and gardening need.

⚙️ Affordability: We offer competitive prices, making quality home improvement and gardening accessible to all.

🌐 User-Friendly: Our platform is designed for simplicity, ensuring that shopping and project planning are stress-free.

🚀 Innovation: We are dedicated to using technology to enhance the shopping experience and empower DIY enthusiasts.

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