Gabby Leibovich began his career in retail selling electrical goods. With a keen marketing eye, he saw the potential of the internet to deliver better value for customers and in early 2006, with his younger brother, founded Catch Group – an eCommerce business based on a new online retail model offering ‘a deal a day’.
The new retailing model was an immediate success, with the company quickly expanding launching spin-off sites offering wine, fashion, groceries and experiences with Australia’s leading group buying website, Scoopon.com.au.
Catch Group is now Australia’s #1 e-commerce group, with no signs of its phenomenal growth slowing down. The group has over 1.5 million registered members who purchase an item every three seconds, 24 hours a day, seven days a week. In 2011 the rapid growth and success of the online retailing group caught the attention on an investment consortium that included James Packer and Tiger Global, who invested $80 million into the business for a minority share.
The group is currently on track to deliver revenues in excess of $250 million for the 2011/12 financial year with plans to expand into further categories in 2012.