ASX battle looms between Catch Group and Kogan
The AFR reported about the looming ASX rivalry between online retailers Catch Group and Kogan.com. Should Catch Group Holdings float as planned in coming weeks, fund managers reckon there promises to be fireworks. Both retailers were frontrunners in the online space Down Under, Catch set out with a deal of the day type offering, while Kogan.com focused on selling electronics and white label products. But the rivalry has stepped up recently with Catch's "marketplace" strategy, which targets apparel and homewares, putting it up against Kogan.com. It'll be interesting to see whether Catch gets away. The choppy equity markets are proving hard for newcomers, although there remains plenty of contenders lining up for a shot at the ASX-boards.