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80,258 News Articles

Clickmango in a pickle

E-tailer could go same way as Boo

The Grim reaper is homing in on what looks like becoming the UK’s latest dot.com victim.

Online purveyer of health products, Clickmango, has given its 20-strong staff a month’s notice and will shut up shop in September unless a last minute white knight rides into town.

Clickmango was refused the necessary £300,000 to keep trading for the rest of the year when the e-tailer revealed that it had a turnover of just £2000 per week and a cash burn of £100,000 a month.

The company had a break-even date some time in the second half of 2002.


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