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buyfair.global launches auction-based marketplace

buyfair.global is the first B2B multi-lot auction-based marketplace for overstock, sample and end-of-line product, helping buyers and sellers maximise return in today’s global market.

Founded by a group of leading experts in manufacturing, design, retail and technology buyfair.global will disrupt and revolutionise buying and selling in the future. buyfair.global gives brands a new route to market for overstock product – achieving fairer prices and offering the best possible return on stock – making production more efficient while reducing wastage. By maintaining margins, the buyfair.global platform frees up capital and enables brands to reinvest profits back into their core business.

Dominic Speelman, CEO and founder of Make International said: “Difficult trading conditions in recent years have placed some manufacturers in significant difficulty. When you have an influx of stock, a fall in demand and growing uncertainty, it’s almost the perfect storm. For years overstock has been a taboo subject which premium brands especially have been loath to discuss. But it feels as if a tipping point has been reached and people are searching for a solution to the problem of overstock. We believe buyfair.global is the solution.”

The scale of overstock across every retail-related industry is estimated to be worth £5bn in the UK alone. buyfair.global is the digital solution, allowing brands to sell excess stock to businesses across the world. Through a sophisticated multi-lot auction-based system, brands can sell in bulk at better prices to a more targeted audience.

“Buyfair brings the first and only multi-lot real-time auction to the industry at a time where it has been incredibly difficult for homeware brands to manage inventory, as we lose key retailers from our high streets,” said Deborah Spencer, founder of designjunction and now partner of buyfair.global. “Excess stock is a huge problem and we have a solution.”
The auction system and complex algorithms developed for the buyfair.global site gives buyers a fast, immediate and simple way to purchase product.

The following brands are already signed up on the site, which is currently focusing on homewares as the background of the founders. Fashion and beauty are to follow: MAKE International, black+blum, Jersey Pottery, Dexam International Ltd, ASA Selection GmbH, XL bvba, Forma House Ltd, Cubic, Full Colour Black Limited, Lund London, Bellroy, Nick Munro Holdings, BlissHome Ltd, Plumen, Designed in Colour Ltd, Portico Designs, Jane Foster Designs, SUKIE LTD, Fenella Smith Ltd, Pr Home, Mr Jones, Design, Kmi Brands Ltd, Dutchdeluxes, Innermost, Floss & Rock, LSA International, Hokolo, TERRACE & GARDEN, HAUS, Ulster Weavers Limited,
Cléo Ferin Mercury, Fifty One Percent, RAK PORCELAIN EUROPE, SallyAlley
Eldest, Nobody’s Child, Selbrae House Ltd, Another Country, Parks London Ltd, Case Furniture, casa pangea, Quite Contrary, Wow Designs, Vanilla Blanc Ltd, John Green, Yod and Co, KIBAC DISSENY SL, Maurizio Capannesi, Tini Warg AB.