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Birmingham Post
Birmingham Post
Business
Jon Robinson

Company co-founded by Dragons' Den star Steven Bartlett reveals sell off plans in bid to increase profits

A group co-founded by Dragons' Den star Steven Bartlett is to sell off four of its companies.

Social Chain is to dispose of RAVENSBERGER Matratzen, Carl Wil- helm Clasen, DEF Media, and bytepark to "clearly take further significant steps towards increasing its profitability".

The business, which was established by Mr Bartlett and Dominic McGregor in Manchester, also revealed its half-year revenue increased from €160m to €220m while its EBITDA rose from a loss of €5.3m to a profit of €14.5m.

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