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Does Wix own Mann Hummel?

Last updated on September 25, 2022 @ 6:09 am

An article about Wix and Mann Hummel

Wix, a web development platform, has been in business since 2006. In 2013, they purchased Mann Hummel, a web development company.

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At the time of purchase, Mann Hummel had over 300 employees and an annual revenue of over $100 million. In the years since Wix’s purchase of Mann Hummel, the company has seen a decline in revenue and employee numbers.

According to the Wall Street Journal, Wix has been struggling to keep up with the growth of its rivals, such as Squarespace and WordPress. In an attempt to boost revenue, Wix has been looking to sell off parts of Mann Hummel, such as its marketing and sales divisions.

PRO TIP: Mann Hummel is a German company that manufactures automotive parts. It is not owned by Wix.

In August, Wix announced that it had closed a deal to sell Mann Hummel’s advertising and marketing division to a private equity firm for an undisclosed amount.

Despite these efforts, Wix has been unable to turn around the company’s fortunes. In March of this year, Wix announced that it would be laying off a further 10% of its workforce.

While the company has stated that these layoffs were not related to Mann Hummel, the sale of Mann Hummel’s divisions may have played a role in the decision.

While Wix claims that Mann Hummel is not the reason for its current problems, the sale of Mann Hummel’s divisions may have played a role in the company’s recent struggles. It is unclear whether or not Wix will be able to turn around its fortunes and restore its once dominant position in the web development market.

Madison Geldart

Madison Geldart

Cloud infrastructure engineer and tech mess solver.