Qatar Holding acquires stake in Vente-Privee
Harrods owner Qatar Holding has acquired a minority stake in online flash sales operator Vente-Privee.
The direct investment arm of Qatar Investment Authority has become a significant minority shareholder in the company. Other shareholders include Vente-Privee’s founding partners and Summit Partners, the US growth equity firm which has held a minority stake since 2007.
Meanwhile, Vente-Privee founder and chief executive Jacques-Antoine Granjon has increased his stake in the company.
A spokesperson for Qatar Holding said: “We are happy to have agreed terms to finalize our investment in vente-privee.com alongside Jacques-Antoine Granjon, one of the most successful entrepreneurs in France. We will fully support his efforts to drive the company in its new phase of development.
“It is envisaged that our investment will translate into the development and globalization of vente-privee.com as a French champion in the e-commerce sector."
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