For a long time, the mother of all private shopping clubs had hesitated with an expansion across the Atlantic. But now it would seem that Vente-Privée is making a move to the USA.
According to French news agencies, Vente- Privée will be announcing a “partnership with a global company” on May 12th.
One can speculate on the reasons behind the surprising change of tack. In 2010 Vente-Privée performed underneath their self-imposed targets. In 2007 they brought on the American investor group Summit Partners on board with a 20% minority equity investment.
The American market for private sales clubs is currently in a lot of movement. Hautelook has recently been bought by Nordstrom. Ruelala will continue to be independent despite the takeover of GSI Commerce. Ideeli has recently raised $41 million of growth capital, and Gilt Groupe is in the process of stocking up their warchest to up to $100 million. In the second row, One Kings Lane, Zulily and others are also making a jump forwards.
Related posts:
- Vente-Privée Grows 15% in 2010 to About 780 Million Euro
- Gilt Groupe Raises Up To $100 Million Fresh Capital
- eBay Takes Stake in Intershop with GSI Commerce
- How Vente-Privée Wants To Grow From 1 to 10 Billion Euro
Originally posted in German by Jochen Krisch, adapted for excitingcommerce.com by Jason Soo.
Comments