Online retail entrepreneurs Gabby and Hezi Leibovich have acquired the collapsed Click Frenzy business and are planning to revive it.
The online marketplace – founded in 2012 by founder Grant Arnott and held by his Global Marketplace group – collapsed in late March this year alongside media outlet Power Retail, also under the same group.
Andrew McCabe and Chris Johnson of Wexted Advisors were appointed as receivers and managers of both companies on March 30, 2026, following the appointment of Adam Cormack and Frank Lo Pilato of RSM Australia as liquidators.
Both entities had a combined estimated annual revenue of approximately $7 million.
A sale advert from Wexted added that Click Frenzy had an average revenue of around $5 million per year, and holds a consumer database of 1.5 million members.
The Leibovich brothers are no strangers to the online retail game, which was initiated in 2006 when they launched Catch of the Day (soon to be just Catch) from their garage. Thirteen years later, the brothers sold the business to Wesfarmers for $230 million. Six years later, the marketplace was wound up by its new owner.
The duo also held a stake in Menulog.
According to Gabby, the timing feels perfect for this acquisition and relaunch of Click Frenzy.
“We’re now busy building the next chapter of Click Frenzy, bringing the brand back for its community of millions of shoppers and thousands of retail partners in a new way,” he shared on LinkedIn.
“More deals. More sales. More cooperations. More surprises.”
He further confirmed that he and his brother are re-working the website, ready to be launched soon.