Zando threatens legal action against Ventureburn over Koser claim

South African online retailer Zando has threatened legal action against Ventureburn, a subsidiary of Burn Media, via its attorneys Webber Wentzel, following an article that was published on the site last week.

Zando's online fashion store made serious waves after arriving in South Africa in late 2011. Since then, it claims it has grown to become South Africa's largest online fashion player and is providing serious competition to the likes of established ecommerce players such as Kalahari and Takealot.

The company is a subsidiary of the German-based Rocket Internet, a startup incubator whose business model is to identify successful internet ideas and replicate them in other countries.

Last Wednesday, Memeburn published this piece on sister site Ventureburn about the resignation of Zando co-founder and managing director, Manuel Koser, and the possibility that he may have been pushed out due to lack of confidence from investors.

Read the full story on Ventureburn.com.