Showroomprive.com

French e-commerce company

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  • Increase €442,8M (2015)
  • +27% vs 2014[1]
Number of employees
885 (2015)Websitewww.showroomprive.com

Showroomprive.com is a French e-commerce company that specializes in online flash sales. Founded in 2006, the website offers daily exclusive sales in France and in 8 other European countries. As of 2016, the company has reached more than 26 million members.[2]

In 2015, the net revenue of Showroomprivé reached €443M, with an average annual growth rate of 28%.[1] The company has a net revenue goal of €750M by 2018.[3]

History

Founders

Showroomprive.com was founded in France in 2006 by Thierry Petit and David Dayan, entrepreneurs with distinct backgrounds in fashion and digital technology. Thierry Petit holds a degree in engineering and has over 20 years of experience in the business sector. He previously founded Toobo.com, the first price comparison website in France.[4] Petit also serves as the Vice President of the France Digitale association.

David Dayan has a long history in fashion retail, having started in his family's outlet business as a teenager. He later became the CEO of France Export[citation needed] before co-founding Showroomprivé with Thierry Petit.

Investment

Investment

In 2010, the American venture capital firm Accel Partners invested €37 million in Showroomprivé.[5] On 29 October 2015, the company was listed on the Euronext stock market, raising €256 million through its initial public offering (IPO).[6] By the end of 2015, Showroomprivé's market capitalization reached €665 million.[7]

International expansion

Showroomprivé began its international expansion in 2010, establishing operations in Spain.[8] The company later expanded to Italy (2011), the United Kingdom (2011),[9] the Netherlands (2012), Portugal (2013), Belgium (2013), Poland (2013),[10] and Germany (2015).[11] By 2015, international markets accounted for 15% of the company's net internet revenues.[12]

In October 2016, Showroomprivé acquired Saldi Privati, Italy's second-largest online private sales platform, for €28 million.[13]

Organisation

Showroomprivé employs over 800 people across several locations in France and abroad, including:

The company's logistics are managed by Dispeo, a partner of Showroomprivé since 2014.

References

  1. ^ a b "Année record pour Showroomprivé en 2015". Ecommercemag.fr. 18 February 2016. Retrieved 10 November 2016.
  2. ^ Olivier Harmant (24 May 2016). "Comment Showroomprivé veut se différencier de ses rivaux". FrenchWeb.fr. Retrieved 10 November 2016.
  3. ^ "Showroomprive.com choisit la Bourse comme vitrine". Lesechos.fr. 9 September 2015. Retrieved 10 November 2016.