×
2 034
Fashion Jobs
SHISEIDO
Bareminerals Account Manager - Boots Stratford (37.5 Hours)
Permanent · London
SHISEIDO
Nars Business Manager - Fenwick Newcastle (37.5 Hours)
Permanent · Newcastle upon Tyne
SHISEIDO
Account Manager - Boots Hammersmith (22.5 Hours)
Permanent · London
GUCCI LIMITED
Gucci Stock Manager
Permanent · LONDON
NIKE
Purpose Marketing Manager, London
Permanent · London
NIKE
Agile Marketing Manager, London
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Edinburgh, John Lewis- 37 Hours - Full-Time, Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Demand Planner - The Estée Lauder Companies
Permanent · London
SHISEIDO
Bareminerals Account Manager - Boots, Edinburgh Gyle (30 Hours)
Permanent · Edinburgh
SHISEIDO
Laura Mercier Account Manager - Harvey Nichols Manchester (37.5 Hours)
Permanent · Stretford
SHISEIDO
Bareminerals - Account Manager (30 Hours)
Permanent · Edinburgh
V. F. CORPORATION
Manager, Strategic Accounts - Dickies Emea
Permanent · LONDON
VANS
Credit Controller - Spanish Speaking - Vans
Permanent · CALVERTON
VF INTERNATIONAL
Multilingual Credit Controller - Key Accounts (English Plus Any European Language)
Permanent · CALVERTON
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Location - 15Hours / 3 Days - Part-Time, Permanent
Permanent · Exeter
ESTÉE LAUDER
Clinique - Consultant - Sutton Coldfield, Beatties - 15 Hours - Part-Time, Permanent
Permanent · The Royal Town of Sutton Coldfield
ESTÉE LAUDER
Clinique - Consultant - Leicester, Boots - Fosse Park - 15 Hours - Part-Time, Permanent
Permanent · Leicester
YVES SAINT LAURENT UK LIMITED
Saint Laurent HR Manager UK, Ireland & Netherlands
Permanent · LONDON
SHISEIDO
Bareminerals Account Manager - Hof Bluewater (35 Hours)
Permanent · Dartford
SHISEIDO
Laura Mercier Account Manager - Harvey Nichols, Edinburgh
Permanent · Edinburgh
ESTÉE LAUDER
Origins - Online Trading Manager - Brand Site
Permanent · London
Advertisements
Translated by
Nicola Mira
Published
Jun 11, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Showroomprivé preparing share capital increase worth up to €10 million

Translated by
Nicola Mira
Published
Jun 11, 2020

French event sales website Showroomprivé will carry out a share capital increase worth between €8 million and €10 million, scheduled between now and November 30. The operation is part of the refinancing protocol approved by the website’s credit partners on May 28, and ratified by its board of directors on June 8.


ShowroomPrivé


The new share issue will be priced at €0.15 per share, and all shareholders will retain their preferential subscription rights.

Showroomprivé’s directors, Thierry Petit and David Dayan, who currently own a 24.25% stake in the company, said they will buy the preferential rights of the other founders (equivalent to an 8.68% stake) and of the Carrefour group (worth 20.42%). They will pay “the symbolic sum of €1 for each lot of preferential subscription rights they will buy from individual assignees.”

The decision about the share capital increase was taken at the board meeting held on April 29, and was prompted by the complex situation arising from the lockdown period in France. “[Stores that serve as pick-up points], which account for a large volume of our sales, are shut,” Petit told FashionNetwork.com in mid-March. Online apparel sales, whose trend influences Showroomprivé’s business, were slumping at the time, only to later recover and exceed pre-crisis volumes as soon as lockdown restrictions were eased.

In Q1 2020, Showroomprivé generated a revenue of €118.2 million, down from €147.3 million a year earlier. A decline to which the lockdown in March of course contributed, but for which Showroomprivé’s directors chiefly blame the strategic choices made by the company last year. Showroomprivé has indicated that sales improved in April.

Showroomprivé has recently reorganised its business, focusing on the most profitable activities. It has been gradually changing its model, replacing outright purchasing with hire purchasing and drop shipping, where labels take care of deliveries themselves. At the same time, marketing investment has been downsized, and Showroomprivé has closed down its Polish, German and multi-currency websites.

Showroomprivé has a customer base of 10 million members, and recently said it has signed new partnership deals with major groups “which operate a vast catalogue of brands,” without however giving any names.

Copyright © 2021 FashionNetwork.com All rights reserved.