vente-privee.com strengthens its position in Europe by buying Privalia
· This operation will allow to vente-privee.com to realize important synergies to innovate and provide its partner brands and its members the best service and the best deal
· vente-privee development in Europe is confirmed also by the acquisition of a majority stake in Swiss eboutic.ch
Active European expansion and long-term vision
Since its creation of flash-sales model in 2001, vente-privee.com is constantly investing to provide the most complete and innovative service to its partner brands and its members. In an increasingly competitive market with more and more specialized or general key offline and online actors, vente-privee strengthens its position in Europe through some operations.
vente-privee.com is developing itself in Europe by acquiring the company Privalia, founded in 2006 by entrepreneurs Lucas Carne and Jose Manuel Villanueva in Spain. The company expanded to Italy in 2008, and more recently to Brazil and Mexico. A pioneer in Spain, Privalia has become a major player in its European existing markets.
"We are excited to join the creator of the online flash sales concept. This alliance will enable us to accelerate our growth and expand our offering to new sectors, which our members will benefit" says Lucas Carne and Jose Manuel Villanueva, co-founders of Privalia.
The group vente-privee.com also acquired a majority stake in the company eboutic.ch in Switzerland, also a profitable leader in its country, co-founded in 2007 by Arthur Dauchez and Laure de Gennes, who remain minority shareholders as well as the group Maüs Brothers. The founders remain directors of the company. The arrival of vente-privee.com to its financial capital will allow eboutic.ch to accelerate its growth; "vente-privee.com is THE European reference in the field of online sales events, and this partnership will allow us to move up another gear in terms of development." says Arthur Dauchez, co-founder and CEO of eboutic.ch.
"This new step in our development is part of our long-term vision of the company. These connections are a real human adventure, combining the savoir-faire and expertise of vente-privee.com to Privalia ’s success in two of our key markets, and eboutic.ch in Switzerland. This new expansion reflects our continued active approach to the European deployment, which began in 2015 with the majority stake in the Belgian company vente-exclusive. We are very respectful of the work done by the founders and leaders of these sites, and are very pleased to have their support and expertise in the pursuit of our common European adventure." says Jacques-Antoine Granjon, CEO and founder of vente-privee.com.
A fragmented European market ripe for consolidation
These investments mark vente-privee.com 's ambition to provide its partner brands a unique service and shared expertise facing growing competition.
In an environment that has multiple players who are reaching a critical size. vente-privee.com will help Privalia and eboutic.ch pass a course of growth at a key stage of their development, keeping they autonomy level. Privalia will continue to be drive autonomously by its management.
"We observe that the European market is both fragmented and mature enough that "virtuous" reconciliations take place and therefore allows to serve the best experience, tailored to each market. We are therefore investing at a key stage for this market development. " adds Jacques-Antoine Granjon .
vente-privee.com is the pioneer of the online flash sale concept and is the global industry leader. Specialising since 2001 in helping brands manage excess stock. Its access is reserved for its 30 million members accross Europe. Registration on the website vente-privee.com is free and without obligation. Sales are limited in time (3-5 days) and are organized in close collaboration with over 3700 international brands in all areas: ready-to-wear, fashion accessories, home furnishings, toys, sports, wine ... venteprivee.com offer prices benefiting from strong discounts (-50 to -70%) compared to the recommended prices. With 2800 employees in 8 European countries, vente-privee.com has achieved a 2 billion euros turnover in 2015. The information available on vente-privee.com is available on http://pressroom.vente-privee.com
► About Privalia
Privalia was founded in Barcelona in 2006 by Lucas Carné and José Manuel Villanueva. Privalia offers daily sales of top brands at exceptional prices and exclusively to its registered users, fulfilling its mission of “Inspiring people every day to look better and save money”.
The company has 28 million registered users worldwide and is a well-known player in each of the markets where it operates as Privalia.
Privalia has been recognized as the ‘Most Popular Shopping Website’ in Spain and Italy by its users as part of the Website of the Year contest, same prize was won in 2012 and 2013. In 2014 Privalia was awarded the ‘Best Mobile Webshop’ as part of the eCommAwards and also earned the CRC Gold Award for Excellence in Customer Service in the Ecommerce category.
► About eboutic.ch
Founded in 2007 in Lausanne, eboutic.ch is the first sales-event site in Switzerland. One and half million members in Switzerland have access to daily sales from top brands heavily discounted up to 80% from the retail price. Sales are open for a limited time with limited stock on a first come, first served basis! Thanks to a partnership with over 800 major brands, eboutic.ch offers on a daily basis a wide range of products from multiple areas: fashion, sports, home, children, high-tech but also travel and leisure. Since its creation eboutic.ch has experienced a rapid growth and is a profitable company. Since 2011, the company is part of the Maus Frères Group and employs over 50 people in Switzerland.