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Business

Co-founders Showroomprive to relaunch French fashion house Sonia Rykiel

Two co-founders of online store Showroomprive on Wednesday announced they would relaunch French fashion label Sonia Rykiel, nearly five months after its demise following a court ruling. A court in Paris in July ordered the winding up of the loss-making brand founded by the "Queen of Knits". The designer, who died nearly three years ago at the...

Dec 19, 2019

Report

Showroomprivé Q3 sales decline 8.3 percent

European online retailer Showroomprivé’s net revenues fell 8.6 percent to 125 million euros (138.8 million dollars) in the third quarter of 2019, down 7.8 percent after adjusting for the closure of operations in Germany, Poland and the closure of multi-currency website in 2018. The company said, total Internet revenues, which represent the group...

Oct 25, 2019

Management

Showroomprivé reports challenging first half results

First half revenues at Showroomprivé were down 4.3 percent to 302 million euros (336.5 million dollars), which the company said was due to a sluggish global economic environment over the first six months of the year, and the mechanical decline in revenues expected in international business. The company added that the group posted an EBITDA loss...

Jul 26, 2019

Fashion

What to expect in fashion news from week 30, 2019

What’s going on in the world of fashion this week? FashionUnited takes a look ahead at the upcoming news and events for the 30th week of the year. Below are the main points from the editorial agenda in the period between 22-28 July, 2019. Pure London (21-23 July) On Sunday the Pure London trade show will be back in the UK capital. Keep an eye...

Jul 22, 2019

Report

Showroomprivé issues profit warning

European online fashion retailer, Showroomprivé has announced that financial performance in the first half of the this fiscal year was not on the expected lines compared to the “Performance 2018-2020” plan anticipations, so the company will not able to reach its objective of a profitability in line with historical levels in 2019. Showroomprivé...

Jul 1, 2019

Report

Showroomprivé Q1 net revenues drop 2.3 percent

European online retailer Showroomprivé reported 2.3 percent drop in net revenues to 147.3 million euros (165.5 million dollars) in the first quarter of 2019 and 1.7 percent adjusted for the closing of business in Germany, Poland and the multi-currency website. Total Internet revenues also declined by 1.2 percent. “We continued to implement our...

May 13, 2019

Report

Showroomprivé acquires 100 percent stake in Beauteprivee

European online retailer Showroomprivé has purchased the remaining 40 percent of Beauteprivee’s share capital. The company said, in March 2017, the group had acquired a 60 percent equity stake in Beauteprivee, the French online flash sales player specialized in cosmetics, beauty and well-being products, along with the option to purchase the rest...

May 1, 2019

Report

Showroomprivé turnover grows by 3 percent in 2018

European online retailer, Showroomprivé said in a statement that its revenue rose around 3 percent to 672 million euros (761 million dollars), driven by France, where sales increased by 5 percent, and in a lesser measure by the business of the group internationally, where revenues rose 1 percent. The revenue on a like for like basis grew by 1.3...

Mar 15, 2019

Management

Showroomprive launches share capital increase of 40 million euro

New York - The private fashion sales website has announced the launch of a share capital increase by way of an offering of new shares of the company with shareholders’ preferential subscription rights for a gross amount of approximately 40 million euro. The fashion e-tailer has further explained that the subscription ratio will be of 5 new...

Dec 5, 2018

Report

Showroomprivé manages to post Q3 revenue growth of 1.8 percent

In the third quarter of 2018, revenues from Internet activities, the core of the company's business, Showroomprivé said amounted to 134.2 million euros (152.5 million dollars), up 3 percent at constant scope, while total growth was 1.8 percent, corresponding to 136.7 million euros (155 million dollars) total net revenue. The company added that...

Oct 26, 2018

Report

Showroomprivé returns to revenue growth in Q2

European online retailer Showroomprivé said in a statement that following a challenging first quarter and a 2 percent decline in activity, the second quarter revenues reached 165 million euros (192 million dollars), a growth of over 8 percent, driven both by France and international. Over first half, the Group’s revenues registered in a 3...

Jul 27, 2018

Management

Carrefour buys 17 percent stake in Showroomprivé for 79 million euros

French distribution giant Carrefour has acquired 17 percent of the online fashion company Showroomprivé for a total of 79 million euros. Carrefour has bought its stake in the furniture group Conforama, paying 13.5 euros per share. Carrefour has explained in a statement that the main objective of both companies is the development of a...

Jan 12, 2018