Vente-privee.com now has a majority stake in its Belgian competitor Vente-exclusive.com. The Belgian shareholders do retain control of the remaining 49.9%. They will lead the follow-up and further development of the site. Every day, the site offers discounts of 30%-70% off the retail price.
In the official press release, Vente-exclusive.com says it is a strategic partnership. The result of the takeover is that Vente-exclusive can now offer its members even more different brands and top deals. Indeed, this also supports the international growth of the Belgian website.
Expansion in Northern Europe
Stefan Tournoy and Léon Seynave, the founders of Vente-exlusive.com had this to say about it, "It is an honor and a unique experience to work with the pioneer in our field. Collaborating with the European market leader is quite something. And it allows us to grow faster because we can add new product categories to our shop."
Jacques-Antoin Granjon, the CEO and founder of Vente-privee.com says the acquisition fits perfectly into his company's long-term vision. "We want to further expand our operations in Northern Europe. Both organically and through external growth." Vente-exclusive.com will continue to operate independently.
About Vente-exclusive.com
Vente-exclusive.com was founded in Belgium in 2006 and today employs 160 people. The website sells daily deals and has 4 million members. Last year the company had a turnover of €90 million. By the end of this year, they are aiming for €130 million.
About Vente-privee.com
This company saw the light of day in 2001. They too give their customers exclusive deals. Vente-privee.com operated in the US last year, but due to lack of profitability, they announced to refocus on Europe. Last year, their sales were 1.7 billion euros.
