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27/10/2014  |  Press releases

vente-privee refocuses on Europe

Over the past three years, vente-privee made many noteworthy achievements in the US market, including over $50M in sales this year. The company does however acknowledge that an exponential amount of time, resources and financial investment would be required to achieve significant growth in the US with the current model. While vente-privee will maintain its focus on key markets where the potential for growth is much greater and can be achieved much quicker, the company is considering a new model in the United States.

 

31/12/2013  |  Press releases

Changes in vente-privee.com’s shareholding

Jacques-Antoine Granjon has decided to strengthen his controlling position and shareholders stake, and to welcome Qatar Holding, the direct investment arm of Qatar Investment Authority, as a new shareholder in vente-privee.com. Qatar Holding becomes a significant minority shareholder alongside the Company’s founding partners and Summit Partners, the US-based growth equity firm already present since 2007. 

06/02/2013  |  Press releases

vente-privee.com doubles its growth in 2012 and attains €1.3 billion turnover in Europe

With a gross turnover of €1.3 billion (£1.1 billion), vente-privee.com has doubled its growth, with a 22% increase vs 11% in 2011. This is an exceptional result for this morose time, even for the e-commerce sector that in the United Kingdom posted a growth of 14% for 2012 as a whole, according to IMRG, the national industry association for e-retail. This success is due to the following key factors: the consolidation of so-called traditional sales, the development of new services and new sectors (including travel offers and wine), and the expansion in Europe. Another important factor is that a substantial part of vente-privee.com’s turnover comes from m-commerce: 26% in total. The flash sales website also confirms its expansion into the arts with the acquisition of one of the biggest and oldest private theaters of Paris where it will co-produce spectacles and concerts.