Groupon’s Irish arm sees losses hit €134m

The Irish unit of international online firm Groupon recorded pre-tax losses totalling €134m in its first year of operation here.

Last June, the US-based Groupon announced the creation of a further 20 jobs at its Irish base to the dozen already in place. The firm provides a platform for people to search and discover businesses providing competitive prices.

New accounts filed by Groupon International Ltd to the Companies Office show that start-up costs were a factor behind the €134m loss.