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Vente-Privee buys Benelux flash sales site

Vente-Privee, the European leader in flash sales, has bought a majority stake of 50.1 percent in rival flash sales site Vente-exclusive, which is established in Belgium, the Netherlands and Luxembourg. The Belgium shareholders will retain 49.9 percent and will merge its management team into Vente-Privee’s, with both companies speaking of a “...