Vente-privee.com acquires Privalia and takes majority stake in eboutic.ch

French flash sales site vente-privee.com has strengthen its position in Europe by acquiring online fashion outlet Privalia and taking a majority stake in Swiss private-site eboutic.ch. "In an increasingly competitive environment, these acquisitions reflect the site’s commitment to continue its momentum in the development of the European market," said the company on the acquisition in a press release.