Vente-privee has bought a majority stake in rival flash Sales site Vente-exclusive.com.
Vente-exclusive.com was founded in 2006 by Belgian entrepreneurs Léon Seynave and Stefan Tournoy and is managed by Peter Grypdonck.
Its management team will now be merged into Vente-privee’s, but Vente-exclusive will be run as a separate business.
Jacques-Antoine Granjon, chief executive and founder of French flash Sales site Vente-privee, said the acquisition would bring together “the savoir faire and expertise of Vente-Privee” and the “influence of Vente-exclusive, a profitable company and a market leader”.
He continued: “This new phase marks our active expansion in Europe.”