shares of French fashion electricity supplier to acquire taly counterparts

August 9th news, according to foreign media reports, France’s second largest fashion electricity supplier Showroomprivé ( investment in October 2015) is negotiating the acquisition of Italy counterparts Saldiprivati related matters. Transaction is in progress, has not yet disclosed specific transaction information.

It is reported that

Saldiprivati, the famous Italy fashion business, registered users has reached 2 million, the annual sales volume of more than 200 single platform, mainly engaged in apparel, accessories, home decoration and other categories.

at this stage, the acquisition of Showroomprivé has been carried out for the United Kingdom, Italy, Spain, Belgium, Portugal, Holland and Poland and other European countries cross-border business, the total number of users reached 24 million 600 thousand. As the main market in Italy, the next few years, the potential is huge, the acquisition is also Showroomprivé plans to expand the performance of the local market share.

October 2015, Showroomprivé raised 256 million euros on Euronext Paris officially listed on the company’s market capitalization of about 660 million euros. After the listing, the company will establish the annual turnover year-on-year growth of 19-25% revenue targets for 2016, while the international is Showroomprivé the development of important areas, announced in the previous fiscal year data, the company has pledged to establish a special international business development agency.

French fashion electricity providers in the field of competition is more intense. According billion state power network understanding, Showroomprivé the main competitors in the French luxury flash purchase originator Vente-Privé E, in April this year, the acquisition price of 500 million euros of Spanish flash purchase company Privalia.