Vente Privee news and archive

The industry's thoughts on Primark's Italian debut

Irish value fashion retailer opened its debut store in Arese Milan, Italy to much fanfare on Thursday. An online video tour of the store received over 141.000 views on Facebook alone the first night it was posted, highlighting the retailer's ongoing appeal. It's foray into Italy marks Primark's entry into its tenth European market, and with the...

Business

Vente-Privee acquires stake in SpinMe

London - French flash sales site Vente-Privee has acquired a stake in imaging and studio workflow technology specialist SpinMe. Vente-Privee is a longstanding client of SpinMe and uses the technology to display products in a way that allows customers to ‘pick up’ and view fashion items as they would in-store. The technology, which aims to...

Business

Amazon's competition pushes Vente-Privee.com to grown acquisitions pipeline

French flash sales site Vente-Privee.com SA is determined to speed up its acquisitions plan to remain ahead of close competitors such as Amazon.com Inc. “We have arrived at a phase of market growth where consolidation is logical and valuation multiples are rational,” founder Jacques-Antoine Granjon said in an interview with Bloomberg at...

Business

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 “...

RetailFeatured

Vente-Privee to exit the US Market

Vente-Privee will be withdrawing from the US market, as American Express revealed it will be ending its joint venture with the French "flash sales" site by the end of this year. "American Express and Vente-Privee France have made a mutual decision to close Vente-Privee US by the end of the year," wrote American Express in a statement to Fortune....

Design

Vente-Privée 2013 sales accelerate to 65 percent

REPORT_ In 2013, Vente-Privée reportedly achieved 10,100 sales, over 65 percent, which translated to 70 million products sold, and between 50,000 to 150,000 parcels sent every day. These events, which attracted between 2.5 to 3 million daily unique visitors, enabled Vente-Privée to pass the 20 million members threshold across 8 European...

Design

Vente-Privée looks for fourfold revenue in a decade

Vente-Privée.com plans to more than quadruple revenue in the next decade by extending the model of flash sales. The retailer is aiming for annual sales of 6 billion euros to 8 billion euros by about 2024. Profit was about 5 percent of sales in 2013. Flash sales refers to a practice where goods are offered at a discount for a limited period...

Design

Qatar Holding acquires stake in Vente-Privée

Qatar Holding, the global investment fund controlled by Qatar Investment Authority, has acquired a minority stake in the French e-commerce company. Founder and CEO of the online retailer Vente-Privée.com, Jacques-Antoine Granjon has also increased his stake in the company and holds close to 25 percent of the ownership, according to French...

Fashion

CEO Vente-Privée: 'This is just the beginning of e-commerce'

Walking into the headquarters of members-only retail club Vente-Privée one is immediately confronted with a large collection of modern art. A giant David Mach gorilla made from clothes hangers welcomes visitors upon entry. Further along the hall, the famous clown portraits by photographer Erwin Olaf grin down on employees, while Jane Greenberg's...

Fashion

Granjon: 'Smartphone will be magic wand of consumption'

Vente Privee is ten years old in November and is preparing to cross the Ocean thanks to an agreement with American Express. But, whilst waiting to take off towards New York’s JFK, by the end of the year, Jacques-Antoine Granjon’s creation is not losing sight of the brands and mobile commerce (which today reaches over 10% of turnover). The...

Fashion

Interview: Vente Privée about its USA launch

It may just be a coincidence that the French offices of Vente Privée, in Plaine Saint-Denis, just outside Paris, are situated on avenue du Président Wilson, a street dedicated to Thomas Woodrow Wilson, the twenty-eighth president of the United States, but it certainly is no coincidence nor was it a rash decision by the French company, after 10...