Showroomprive news and archive

Showroomprivé to sell stake in The Bradery for 43.6 million euros

Showroomprivé (SRP Group), a European leader in flash sales, has announced its intent to sell its 52.75 percent stake in The Bradery brand back to its founders, Timothée Linyer and Edouard Caraco. The cash transaction values The Bradery at 43.6 million euros, reflecting the immense success of the platform since SRP Group acquired its majority...

Member

Business

Showroomprivé posts 7.9 percent decline in Q3 sales

Showroomprivé recorded a gross merchandise value (GMV) of 703 million euros over the first nine months of 2024, down 0.7 percent, while sales also declined by 5.1 percent compared to the same period last year. For the third quarter, GMV of 204 million euros decreased by 2.3 percent and sales at 128.7 million euros declined by 7.9 percent. During...

Member

Business

Showroomprivé: H1 sales decline 4 percent

Showroomprivé recorded a GMV of 499 million euros, up 0.1 percent for the first six month period and a 4 percent decline in sales to 318.1 million euros, impacted by lower volumes in its historic business lines in France. The company witnessed 50 percent growth at The Bradery, 62.8 percent increase in marketplace GMV, 11.7 percent in travel &...

Member

Business

Showroomprivé reports slight decline in Q1 revenues

Showroomprivé (SRP Groupe), reported a first quarter GMV of 247.2 million euros, up 3 percent, while revenues decreased slightly by 3 million euros or 1.9 percent. Showroomprivé confirms that 2024 will be a year of transformation, with operating expenses that may impact profitability. Commenting on the first quarter update, David Dayan, chairman...

Member

Business

Showroomprivé achieves positive GMV and revenues growth in 2023

In 2023, Showroomprivé achieved a gross merchandise volume (GMV) of one billion euros, representing a 6.3 percent increase compared to the previous fiscal year. The company said, revenue amounted to 677.7 million euros, up by 3 percent compared to 2022, despite economic deterioration in the latter part of the year affecting second-half activity,...

FeaturedMember

Business

Showroomprivé: Q1 revenues drop by 22.1 percent

The Showroomprivé (SRP Group) net revenue for the first quarter stood at 138.9 million euros, down 22.1 percent from the same period last year. This development, the company said, reflects the challenging environment in which the group has been operating since H2 2021: a supply shortage directly impacting the performance of several market...

FeaturedMember

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...

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...

Member

People

ShowroomPrivé names chief financial officer

Fashion flash sale website ShowroomPrivé has named Thomas Kienzi as chief financial officer, to succeed Nicolas Woosen, who is departing the company in the next few weeks. Kienzi joined ShowroomPrivé in 2015 to assist with its listing on the stock exchange and its merger and acquisition operations, and last year was appointed the deputy chief...