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Degriftour purchase is a silver lining for lastminute.com

Lastminute.com announced today that its £59m acquisition of French travel agent Degriftour in August will shorten the time it takes to reach profitability.

By silicon.com staff on 4 December 2000 13:16

NEWS The announcement came as the company reported a slight increase in fourth quarter net losses - up to £9.47m. Lastminute.com also reported a rise of 37 per cent in the number of registered users - up to 2.85 million at the end of September. However, only around five per cent of registered users have so far made a purchase. By Ben Hope

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