French web shop Vente-Privee wants to boost its international sales and has therefore merged with five other brands to form Veepee. The company wants to become a clear brand in all fourteen countries where it currently is active.
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Vente-Privée, the world's largest website for private sales, has obtained a majority stake in French wine web shop Le Petit Ballon, which sells 1 million bottles every year through a subscription service.
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French group Vente-privee has acquired a majority stake in zlotewyprzedaze.pl, the number one in flash sales in Poland. The move is another step towards Vente-privee's expansion in Europe.
Through its subsidiary Vente-Exclusive.com, Vente-privee has acquired a majority stake in Danish Designers & Friends. The goal is to strengthen Vente-privee's position in Scandinavia.
In the past fiscal year, French fashion web shop Vente-privee.com has lifted its turnover by nearly 50 % to 2.5 billion euro, mainly thanks to acquisitions such as Belgian Vente-exclusive.
Vente-privee.com's Dutch customers will have to visit vente-exclusive.com from now on, because the Belgian website has become Vente-Privee's Benelux portal.
Four online fashion retailers managed to surpass the 1 billion euro turnover in 2015: Zalando, Yoox Net-a-Porter, Vente-Privée and Asos. All of them have put additional growth on their forecast.
Jacques-Antoine Granjon, CEO and founder of French Vente-privée.com, believes Amazon will destroy classic distributors like Carrefour. It will compete these distributors into the ground and make them disappear.