Articore Group Limited will launch a strategic review aimed to enhance shareholder value and support future growth.
The board will appoint external advisers to lead the review process, which will assess the group’s capital structure, strategic positioning, and value creation opportunities across its portfolio.
“This strategic review is the next step in that journey,” said Robin Mendelson, Chair of the Board at Articore.
“With the majority of our revenue now generated in the United States, it is essential that our leadership reflects that reality. We are deliberately shaping a Board that brings international perspective, commercial focus, and energised diversity while retaining appropriate expertise for an ASX-listed company.”
The company reaffirmed its guidance for FY25, forecasting a gross profit after platform and acquisition margin of 25 to 27 per cent and operating expenditure between $89 million and $92 million.
Articore also expects to maintain positive underlying cash flow, subject to potential incremental investment in its fashion platform Dashery in the second half of the year.
The review follows a leadership transition announced earlier this month, with Vivek Kumar appointed as Group CEO.
Kumar joined Articore in 2022 as CEO of TeePublic and was later named CEO of Marketplaces in October 2024.
Articore owns and operates online marketplaces, Redbubble.com and TeePublic.com.