Pires Investments PLC Buymie partners with Dunnes Stores
06 Ottobre 2020 - 8:00AM
RNS Non-Regulatory
TIDMPIRI
Pires Investments PLC
06 October 2020
06 October 2020
Pires Investments plc
("Pires" or the "Company")
Buymie partners with Dunnes Stores for same-day grocery
delivery
Pires Investments plc (AIM: PIRI), the investment company
focused on next generation technology, is pleased to provide an
update on its investment in Sure Valley Ventures ("SVV") in
relation to Buymie, Ireland's same-day grocery delivery company, a
company within the SVV portfolio.
Buymie has announced a new partnership with Dunnes Stores,
Ireland's second most popular grocery chain, which will allow
customers able to order groceries from 24 stores in the greater
Dublin area and in Cork City for same-day delivery. Under the
partnership, customers will be able to book delivery slots for as
little as one hour or up to seven days in advance.
To access the delivery service, customers can download the
Buymie mobile app and, once registered, can select to shop for
groceries within the Dunnes online grocery store. All customers
have access to their own personal shopper who will let them know if
items are out of stock and offer alternatives. Customers can also
add a request for shoppers to look for items that they can't find
themselves on the app.
Online grocery sales have surged during the pandemic and are
still rising despite the easing of lockdown restrictions. Sales
grew by 121.7 per cent over the four weeks ending 19 September
2020, according to Kantar, with new shoppers accounting for almost
a quarter of the EUR133.6 million spent on online groceries in the
previous 12 weeks.
Pires has a circa 13% interest in SVV. SVV is a venture capital
fund focused on investing in the software technology sector with a
specific focus on artificial intelligence, the internet of things
and immersive technologies.
Peter Redmond, Chairman of Pires commented:
"We are delighted to note Buymie's partnership with Dunnes
Stores, one of Ireland's leading grocery stores, which will see
customers able to order groceries for same-day delivery in the
greater Dublin area and in Cork City. Having raised EUR5.8 million
earlier this year for further expansion in the UK and Ireland, this
partnership is a testament to the success the business has
demonstrated to date and is indicative of Buymie's continued and
ambitious growth prospects in the coming months.
"With partnerships already secured with Lidl Ireland and the
Co-Op, and with the rapid increase in demand for online, same-day
grocery delivery as a result of the COVID-19 pandemic, we believe
that Buymie is well-positioned to cater for this growing market
across the UK and Ireland. As such, we look forward to updating the
market with Buymie's progress in due course."
- Ends -
Enquiries:
Pires Investments plc Tel: +44 (0) 20 3368 8961
Peter Redmond, Chairman
Nicholas Lee, Director
Broker
Peterhouse Capital Limited Tel: +44 (0) 20 7469 0935
Duncan Vasey/Lucy Williams Tel: +44 (0) 20 7469 0936
Joint broker
Mirabaud Securities Limited Tel: +44 (0) 20 3167 7221
Peter Krens
Financial media and PR
Yellow Jersey Tel: +44 (0) 20 3004 9512
Sarah Hollins
Henry Wilkinson
Annabel Atkins
Notes to Editors
About Pires Investments plc
Pires Investments plc (AIM: PIRI) is an investment company
providing investors with access to a portfolio of next generation
technology businesses with significant growth potential.
The Company is building an investment portfolio of high-tech
businesses across areas such as Artificial Intelligence ("AI"),
Internet of Things ("IoT"), Cyber Security, Machine Learning,
Immersive Technologies and Big Data, which the Board believes
demonstrate evidence of traction and the potential for exponential
growth, due to increasing global demand for development in these
sectors.
For further information, visit: https://piresinvestments.com/
.
About Buymie
Buymie, headquartered in Dublin, operates a same-day grocery
delivery service, where you can order groceries and have them
delivered to your door in as little as one hour. Buymie is the
market leader in same-day grocery delivery in Ireland and in 2018
became the first independent e-commerce platform in Europe to
launch the discount channel online through a strategic partnership
with Lidl. The company was founded in 2016 by serial entrepreneur
Devan Hughes (CEO), and Art Sokhikyan (CTO). The company has
operations in the UK, Ireland and Armenia.
Further details about Buymie can be found at www.buymie.com .
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