Showroomprive.com is a French
e-commerce
E-commerce (electronic commerce) refers to commercial activities including the electronic buying or selling products and services which are conducted on online platforms or over the Internet. E-commerce draws on technologies such as mobile co ...
company that specializes in online
flash sales. The website was founded in 2006 and offers daily exclusive sales in France and eight other European countries. As of 2016, the company has reached more than 26 million members.
In 2015, the
net revenue
In business and accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, and ...
of Showroomprivé reached €443M, with an average annual growth rate of 28%.
The company has a
net revenue
In business and accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, and ...
goal of €750M by 2018.
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 an engineering degree and has over 20 years of experience in the business sector. He previously founded Toobo.com, the first price comparison website in France.
Petit also serves as the Vice President of the France Digitale Association.
David Dayan has a long history in fashion retail, starting in his family's outlet business as a teenager. He later became the CEO of France Export before co-founding Showroomprivé with Thierry Petit.
Investment
Investment
In 2010, the American
venture capital
Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...
firm Accel Partners invested €37 million in Showroomprivé.
On 29 October 2015, the company was listed on the Euronext stock market, raising €256 million through its initial public offering (IPO).
By the end of 2015, Showroomprivé's market capitalization reached €665 million.
International expansion
Showroomprivé began its international expansion in 2010, establishing operations in Spain.
The company later expanded to Italy (2011), the United Kingdom (2011),
the Netherlands (2012), Portugal (2013), Belgium (2013), Poland (2013),
0and Germany (2015).
1By 2015, international markets accounted for 15% of the company's net internet revenues.
2
In October 2016, Showroomprivé acquired Saldi Privati, Italy's second-largest online private sales platform, for €28 million.
3
Organisation
Showroomprivé employs over 800 people across several locations in France and abroad, including:
* La Plaine Saint-Denis
* Saint-Witz
* Roubaix
* Vendée
* Madrid and Barcelona
* Milan
The company's logistics are managed by Dispeo, a partner of Showroomprivé since 2014.
References
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External links
www.showroomprive.comwww.showroomprivegroup.com
Online retailers of France
French companies established in 2006