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Showroomprive.com
ACQUISITION OF BEAUTEPRIVEE: BEAUTEPRIVEE NOW WHOLLY OWNED BY SHOWROOMPRIVE
30-Apr-2019 / 17:49 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
ACQUISITION OF BEAUTEPRIVEE: BEAUTEPRIVEE NOW WHOLLY OWNED BY SHOWROOMPRIVE
La Plaine Saint Denis, 30 April 2019 - Showroomprivé, a leading European
online retailer specializing in fashion for the Digital Woman, has exercised
the option allowing it to purchase the remaining 40% of Beauteprivee's share
capital.
In March 2017, the Group acquired a 60% equity stake in Beauteprivee, the
French leading online flash sales player specialized in cosmetics, beauty
and well-being products, along with the option to purchase the rest of the
share capital.
As announced in 2018, the acquisition of the remaining portion of
Beauteprivee's share capital at a price of just over EUR20 million will be
financed by the share capital increase carried out in December 2018, which
fetched gross proceeds of EUR39.5 million. The deal aims to consolidate the
Group's leadership in the beauty and well-being vertical, a market with high
growth potential which complements the Group's traditional fashion offering.
With over 8 million members and over 1,000 brand partners, Beauteprivee
continued to post strong profitable growth in 2018. Over the last two years,
its net sales have increased by over 50% per year, accompanied by steady
growth in the EBITDA margin.
The pooling of staff from the two companies has generated multiple synergies
in terms of expertise and know-how. This joint development has enabled the
Group to successfully expand its service offering for its core target, the
Digital Woman.
Showroomprivé co-founders and co-CEOs Thierry Petit and David Dayan
commented on the acquisition:
"We are delighted to have completed the acquisition of Beauteprivee's share
capital and to have proved the merits of this strategic acquisition launched
in 2017. Together with Beauteprivee, we will continue to develop an
attractive offering of competitively priced products tailored to the
expectations of the Digital Woman. Over the past two years, we have worked
side by side on developing the Beauteprivee brand, which has nearly tripled
its membership and more than doubled its turnover. Beauteprivee co-founders
Frédéric Bille and Xavier Chauvin, currently co-CEOs, will continue to
assist with the ongoing management handover process in 2019."
Next release:
Q1 2019 net sales: 9 May 2019
ABOUT showroomprive.com
Showroomprivé.com is a European player in event-driven online sales that is
innovative and specialized in fashion. Showroomprivé proposes a daily
selection of more than 2,000 partner brands over its mobile applications or
its Internet site in France and in eight other countries. Since its creation
in 2006, the company has undergone quick and profitable growth.
Listed on the Euronext Paris market (code: SRP), Showroomprivé achieved a
gross business volume with all taxes included of more than 900 million euros
in 2018, and net revenue of 672 million euros, growing by 3% over the
preceding year. The Group employs more than 1,150 people.
For more information: https://www.showroomprivegroup.com [1]
CONTACTS
Showroomprivé ACTUS finance &
communication
Damien Fornier de Violet, Investor Grégoire Saint-Marc,
Relations Investor Relations
investor.relations@showroomprive.net showroomprive@actus.fr
+33 1 53 67 36 94
Priscilla Le Minter, Communication Alexandra Prisa,
Relations Presse
priscilla.leminter@showroomprive.net aprisa@actus.fr
+33 1 76 21 50 16 +33 1 53 67 36 90
Regulatory filing PDF file
Document title: pdf EN
Document: http://n.eqs.com/c/fncls.ssp?u=ONAUGGMIBD [2]
Language: English
Company: Showroomprive.com
1, rue des Blés - ZAC Montjoie
93210 La Plaine Saint-Denis
France
Internet: showroomprive.com
ISIN: FR0013006558
AMF Category: Inside information / Issuer activities (acquisitions,
sales...)
EQS News ID: 805467
End of Announcement EQS News Service
805467 30-Apr-2019 CET/CEST
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=f1bb48786b28191514a3fee9ab194158&application_id=805467&site_id=vwd&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=38c0065dbc21e73664dafdf483469676&application_id=805467&site_id=vwd&application_name=news
(END) Dow Jones Newswires
April 30, 2019 11:49 ET (15:49 GMT)
