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Vente-privee plans UK growth after strong 2009

Private sales website Vente-privee.com saw a 33% hike in sales to £610m in 2009 across its European sites, ahead of internal expectations.

Its UK sales for the year totalled £2.7m.

Vente-privee.com, which sells previous-season designer labels at discounted prices to its members, was founded in France in 2001, and launched a UK website in September 2008. It opened a UK office in September 2009.

Vente-privee.com forecasted at the beginning of 2009 that it would reach a turnover of £556m last year across all its markets.

But the company said it saw stronger growth than expected from markets outside of its domestic market, France. Vente-privee.com said 15% of its turnover came from international markets, including the UK.

The company said the UK represents a strong growth area and has predicted a 167% increase in UK sales in 2010 to reach a UK turnover of £7.2m.

Vente-privee.com expects to notch up a total turnover of £763m across all its markets for 2010, up 25% on 2009’s figure.

Jacques-Antoine Granjon, co-founder and chief executive of Vente-privee.com, said: “We have every reason to be very optimistic. Last year, Germany saw 100% growth and turnover of £38m and Spain 95% growth and turnover of £40m. With respective turnovers of £8.7m and £2.7m, Italy and the UK also look promising.”

Vente-privee.com has 9.7 million members worldwide.

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