Private Sales site Vente-privee.com is to invest €80m (£68m) in its innovation, research and development teams, and will launch a start-up accelerator programme.
The firm, which was established in 2001 and now boasts 4.5 million daily users across Europe, will form two in-house innovation labs at its headquarters in Paris and create 250 new jobs in IT.
Around 20 start-ups in the fields of fashion, retail and technology will be invited to join the accelerator programme, launched in partnership with Paris-based start-up campus Station F. The firm is looking for start-ups, including those in the UK, that explore ways to enhance and transform consumers’ online experiences.
Sally Scott, Vente-Privee.com’s UK managing director, said: “This investment presents a unique opportunity for entrepreneurs in the UK, to not only access our support and mentorship, but to be part of a growing and exciting community at the world’s biggest start-up campus in Paris.
“We see great potential for growth in the UK on the back of this investment in innovation, and by continuing to support and champion the developments in our sector,” she added.