ZPG’s purchase of software company Expert Agent earlier this month has been called in by the Competition and Markets Authority (CMA) and is now under review, prompting shares in ZPG to drop this morning.The CMA has served an initial enforcement order to ZPG under section 72(2) of the Enterprise Act 2002.The announcement was made by ZPG this morning, saying that “having been informed of the review and the order ZPG is now engaging in a consultation with the CMA and will make a further announcement in due course”.The move has been widely anticipated within the industry after ZPG acquired Expert Agent – which trades under the name Websky Ltd – from private equity firm Metropolis. It in turn bought the company off founder Mike Griffiths in 2004.The ZPG acquisition of Expert Agent gave it a substantial slice of the UK agent software market, as it had already bought Property Software Group in April 2016.PSG at the time of acquisition by ZPG claimed to be used by over 40,000 estate agent letting agent branches across the UK, while Expert Agent is used by over 2,500 branches.The CMA has been in the warpath within the property industry of recent, fining four estate agents in Burnham on Sea a total of £370,000 over an illegal price-fixing cartel in the seaside town, and is now offering £100,000 rewards to agents who report similar anti-competitive in their areas.PSG CMA Competition and Markets Authority Expert Agent Zoopla March 31, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Agencies & People » ZPG purchase of Expert Agent to be reviewed by competition watchdog previous nextAgencies & PeopleZPG purchase of Expert Agent to be reviewed by competition watchdogShares in the group drop after announcement first thing this morning.Nigel Lewis31st March 201702,568 Views
when more and more people into the apparel industry, but also led to the increasingly fierce competition in the clothing market. Many people want to open a clothing store, but in the face of the competition market, want to successfully operate a brand clothing store, to learn and master the operating skills is very necessary.
, however, although the removal of clothing to join the dealer in the middle part, but the price of goods to reduce the space is not large, unless the company changed the positioning of the brand. Clothing outlets, brand profit margins increased, but the store operations, management, labor costs and other costs will be borne by the brand itself." Agency model of isolated stores, poor information feedback, making inventory, transfer of goods, the company is difficult to statistics and other issues. Direct shop does not exist these problems, so the new faster." In addition, companies consider more brand positioning.
, in fact, for consumers, the store can avoid buying fake." Has more than and 10 years of investment experience in charge of a mall official told reporters, especially in the clothing industry as a whole downturn in the overall environment, the performance of the brand has shrunk, dealers profit also decreased. Adulterated goods dealers often occur, but this situation rarely occurs in the clothing store direct. After all, their own brands, companies will not play their own face."
clothing outlets can be said to be the brand image of the store, from the future development point of view, now the clothing store cross-border cooperation is very popular, some of the shop, coffee shop, restaurant, the introduction of children’s format and other elements, is actually directly to the target customers of consumer experience. Image store can not be replaced, can play a role in promoting brand image and brand culture. Therefore, the direct shop in the quality of service, management and publicity activities will have more concerns. Now the experience marketing power, a lot of new clothing stores spent a lot of effort in this regard.
, and their clothing brand clothing store has advantages, compared to clothing to join, own their own to open a shop, need to consider things or more, so everyone in the shop before you think about it, you know how to make their own better to open shop, let consumers love your shop, this is very important.