Qatar invests in Vente-Privée

Qatar invests in Vente-Privée

Qatar Investment Authority, the investment fund of Qatar, has taken a minority share in online retailer Vente-Privée. It has purchased another shareholder’s stock, although it is unclear who that shareholder was. It is also unclear how large the Qatari’s share actually is.

First online investment for Qatar

It is the first online step for the investment fund, despite it already having shares in Volkswagen, Heathrow airport, Barclays Bank, Credit Suisse, Harrods and Sainsbury’s. The Qatari move is not the only change at Vente-Privée: joint founder Jacques-Antoine Granjon has increased his shareholder stake from 20 to 25 %. 

 

The private French discount web shop currently has some 20 million members across 8 European countries like the Netherlands and Belgium. It supposedly had a 2013 turnover of nearly 2 billion euro, which would be a huge leap from 2012, when it had a 1.3 billion euro turnover.

 

 

 

(Translated by Gary Peeters)

Questions or comments? Please feel free to contact the editors


Rakuten bridges gap to Japanese online consumer

30/10/2017

In Alibaba and Amazon’s shadow, Japanese Rakuten Ichiba is quickly developing. Several Western chains are using the platform to sell their products to Japanese online consumers.

Whole Foods contributes to Amazon's enormous turnover increase

27/10/2017

American Amazon’s third quarter turnover grew a lot once more, partially thanks to Whole Foods. This was the first time the chain’s turnover was added to Amazon’s overall turnover.

More than half of American families subscribed at Amazon

21/10/2017

An astonishing ninety million Americans have joined Amazon’s subscription program, Amazon Prime. Considering there are 126 million families in the United States, it is clear that Amazon has a tight grip on its home territory. What can Europe learn from this?

Safe.Shop is new global eCommerce trust mark

16/10/2017

Safe.Shop is the world’s first global eCommerce trust mark. Currently, only twelve countries signed up, but that number should increase in the future.

Fashion platform About You launches in the Netherlands and Belgium

11/10/2017

German fashion web shop About You, the second largest online European fashion retailer, officially launched in Belgium and the Netherlands following an unofficial launch in the Netherlands some time ago.

Alibaba invests billions in physical retail

28/08/2017

Over the past two years, Chinese eCommerce giant Alibaba has spent nearly seven billion euro in physical retail. Its Hema Xiansheng chain already has thirteen supermarkets and it acquired luxury department store Intime from the government in January.

Back to top