Showroomprive news and archive

Showroomprive launches share capital increase of 40 million euro

New York - The private fashion sales website has announced the launch of a share capital increase by way of an offering of new shares of the company with shareholders’ preferential subscription rights for a gross amount of approximately 40 million euro. The fashion e-tailer has further explained that the subscription ratio will be of 5 new...

Report

Showroomprivé manages to post Q3 revenue growth of 1.8 percent

In the third quarter of 2018, revenues from Internet activities, the core of the company's business, Showroomprivé said amounted to 134.2 million euros (152.5 million dollars), up 3 percent at constant scope, while total growth was 1.8 percent, corresponding to 136.7 million euros (155 million dollars) total net revenue. The company added that...

Report

Showroomprivé returns to revenue growth in Q2

European online retailer Showroomprivé said in a statement that following a challenging first quarter and a 2 percent decline in activity, the second quarter revenues reached 165 million euros (192 million dollars), a growth of over 8 percent, driven both by France and international. Over first half, the Group’s revenues registered in a 3...

Management

Carrefour buys 17 percent stake in Showroomprivé for 79 million euros

French distribution giant Carrefour has acquired 17 percent of the online fashion company Showroomprivé for a total of 79 million euros. Carrefour has bought its stake in the furniture group Conforama, paying 13.5 euros per share. Carrefour has explained in a statement that the main objective of both companies is the development of a...

Report

Showroomprivé records 28.2 percent sales rise in Q3

European flash fashion website Showroomprivé has said in a statement that the e-commerce market’s growth recovered in the third quarter, following a temporary slowdown in the second quarter and in this context, the group recorded sustained revenue growth of 28.2 percent to 134.3 million euros (158 million dollars), driven by France and...

Report

Thomas Kienzi named CFO at Showroomprivé

Showroomprivé, a European player in online flash sales has appointed Thomas Kienzi as Chief Financial Officer, following the forthcoming departure of Nicolas Woussen in the next few weeks. “We are very pleased with the appointment of Thomas. It acknowledges the success of his journey within Showroomprivé. As CFO, he will bring us his extensive...

People

ShowroomPrivé names chief financial officer

Fashion flash sale website ShowroomPrivé has named Thomas Kienzi as chief financial officer, to succeed Nicolas Woosen, who is departing the company in the next few weeks. Kienzi joined ShowroomPrivé in 2015 to assist with its listing on the stock exchange and its merger and acquisition operations, and last year was appointed the deputy chief...

Management

Showroomprivé business volume grows 27.4 percent in the first half of 2017

Showroomprivé, a European digital fashion platform headquartered in France, has reported a 27.4 percent increase in turnover during the first half of 2017, reaching 306 million euros. The e-commerce platform has 2.2 million buyers. This data "confirms the relevance of the firm's strategy orientation, particularly international development",...

Management

Showroomprivé to chase 1.1 bn euros revenue target by 2020

In 2016, 10 years after its creation, Showroomprivé said, the company continued to outperform the e-commerce market with over 20 percent of growth. Announcing mid-term roadmap, the group said, it targets to generate 1.1 billion euros (1.15 billion dollars) in revenues by 2020, and revenues between 690 million and 720 million euros (726 to 758...

Business

Infographic - Is Showroomprive.com IPO enough to make it global?

Showroomprive.com received additional investment in the form of 30 million euros earlier this month from China’s Vipshop Holdings. Although Showroomprive.com is not the first flash-sales platform to go public, the question remains as to how realistic its expansion plans are, especially as interest in flash-sales in Western and Eastern countries...

ManagementFeatured

Is Showroomprive.com IPO enough to make it global?

Friday morning saw French flash-sales site Showroomprive.com raise 256 million euros in its initial public offering, after shares sold at the bottom end of the preset price range. Showroomprive.com goal for its IPO was to raise at least 50 million euros to fund its overseas expansion and global growth, which it achieved, whilst existing...

Business

Showroomprive.com receives 30 million investment from Vishop

During the second day of the week Showroomprive.com has its books open to prepare for its launch on the stock market, the French flash-sales site has received 30 million euros worth of investment from online retailer Vipshop Holdings Ltd. As the Chinese company said on Tuesday, the investment in Showroomprive.com is aimed at further expanding...