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Vente-Privee.com news and archive

Business

​Ventee-Privee invests 80 million euros in research teams

London - Ventee-Privee.com is set to invest 80 million euros (68.3 million pounds) in its innovation, research and development teams and to help fund the launch of a start-up accelerator programme. The new investment will help the flash sales site fulfill three of its projects from its Paris head office, which represent the brand's commitment to...

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Business

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,"...

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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...

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