German Goalkeeper Glove Startup T1tan Reports €2 Million Profit
German goalkeeper glove startup T1tan posted a €2 million profit.
Consumer
Swedish Startup Gritch Launches App Connecting Young People with Electricity Contracts and Career Mentorship
Alexander Ernstberger, together with Jan Emanuel and Mikael Lundell, is the public face of the venture Gritch. The new app, aimed at youth, allows users to sell electricity contracts and gain access to courses and advice from the trio.
Readly CEO Exits After One Year as Swedish Digital Publisher Cuts Workforce by Third
Readly announced that its chief executive Johan Adalberth will depart after a year in the role and that the company will not appoint a successor. At the same time, Readly is reducing its staff by about 33%.
Swedish Price Comparison Platform Prisjakt Revives IPO Plans for Second Half Listing
Prisjakt is reviving its plans for a billion‑valued stock market listing after coming close to completing it in the spring. Backed by strong finances and new AI tools, CEO Peter Greberg says the intention is to carry out the IPO sometime in the second half of the year.
Swedish E-commerce Sector Faces Turbulence as Zoofabriken Files for Bankruptcy
Breakits’ Julia Lundin summarises the latest Swedish e‑commerce news, covering Ideal of Sweden’s brand refresh, Lis Bonne Atelier’s financial strain and the bitter crash of Zoofabriken which filed for bankruptcy.
Romanian Esports Firm Nexus Gaming Commits Nearly 2 Million EUR to Expand Physical Infrastructure
Romanian esports startup Nexus Gaming announced a near‑2 million‑EUR investment to expand its physical infrastructure across Bucharest and Cluj, aiming to boost content production, host international tournaments and position Romania as a leading destination for esports events in Europe.
Haypp Group Secures 400 Million SEK Credit Facility with Danske Bank
Swedish e‑commerce company Haypp Group, behind Snusbolaget, signed a 400 million SEK credit facility with Danske Bank to fund future growth without raising its overall debt level.
Swedish Beauty Retailer Lyko Launches 30-Minute Cosmetics Delivery via Wolt
Lyko now offers a 30‑minute delivery service for cosmetics and even sex toys via Wolt, turning beauty products into fast‑food‑style orders. The partnership was discussed with Lyko founder Rickard Lyko and Wolt’s Linda Fors, covering integration, margins, climate impact and the impulse‑driven buying behaviour.
Italian Instagram Account “Berlusconismo nostalgico” Secures Trademark Registration Across Ten Product Classes
Italian Instagram page “Berlusconismo nostalgico”, which amassed over 100,000 followers, filed a trademark registration for the brand covering multiple product categories, aiming to protect the page and expand into editorial and merchandising activities.
Resort Founder Carl von Wachenfeldt Appointed CEO of Swedish Production Company Mustig Produktion
Resort founder Carl von Wachenfeldt has been appointed as the chief executive officer of Mustig Produktion, succeeding Mauri Hermundsson who was looking for a capable leader. The new CEO said, “We clicked.”