Comcast Ventures has exited Hollar in an acquisition by Five Below, which is reportedly set to shut down the budget e-commerce platform.
Budget retailer Five Below has acquired the assets of Hollar, a US-based e-commerce platform that has raised more than $77m from investors including mass media group Comcast.
The deal came after multiple sources told Axios earlier in the week that the company was expected to close down soon. Neither Hollar nor Five Below have disclosed details of the purchase price.
Founded in 2015, Hollar runs an online store that sells home décor, toys, beauty products and kitchen items starting from…
