PHOTOGRAPHIC retailers Wex Photographic and Calumet are set to merge, following Wex's sale to Aurelius, an investment company.
Aurelius has bought the specialist retailer from Barclays for an undisclosed sum. Between them, Wex Photographic and Calumet Photographic have combined revenues of € 175 million. Aurelius has stated that the merger will ‘create a leading omni-channel offering servicing the enthusiast and professional market across the UK and Europe.'
Wex Photographic, which recently acquired repair and rental specialist Fixation, is currently the UK's largest online specialist photography retailer, with more than 17,000 products available and a 4,300ft2 showroom in Norwich.
Calumet Photographic, meanwhile, operates 17 stores across Europe, including eight in the UK. Founded in 1939 as Calumet Manufacturing Co., the company began by selling sporting goods before focusing on photography. The…
