Glamour Sales Announces US$65m Partnership
Chow Tai Fook Enterprises and Investec Bank plc Invest in Leading Luxury
Private Sales Website in China and Japan
SHANGHAI, April 30, 2014
SHANGHAI, April 30, 2014 /PRNewswire/ -- Glamour Sales, a leading online
destination for luxury private sales in China and Japan, announced a major
investment deal with Chow Tai Fook Enterprises and Investec Bank plc.
"This is a significant move for Glamour Sales and we are thrilled to partner
with a prominent Asian family and an international financial investor. Chow
Tai Fook Enterprises is synonymous with luxury and success for all Chinese,
and we are looking forward to dramatically growing Glamour Sales together,"
Olivier Chouvet, Co-founder, Glamour Sales.
"Glamour Sales is much more than a luxury private sales website. It offers
unique features and an extraordinary customer experience. Thanks to the
ongoing support of our brand partners, we will continue to innovate and offer
more personalized luxury, fashion and lifestyle assortments to smart shopping
fashionistas in Asia," Thibault Villet, Co-founder and CEO Glamour Sales
Glamour Sales Facts:
oAnnual growth of 92% over the past four years. Forecast revenue of US$155
million in 2014 vs. US$82 million in 2013
oForecast 2.4 million products will be sold in 2014
oCurrently 3.6 million members between Japan and China
oAverage of 18 "flash sales" events per day, 560 per month and 6,700 in
o22 photo studios, 4,300 photos per day, 22,500 per week, and forecast 1.2
million in 2014
o12,000 square meters of warehouse space
o3,200 brand partners
o42% of business is conducted via mobile application
o350 staff members
Chow Tai Fook Enterprises Ltd. ("CTFE") is a private Hong Kong-based holding
company owned and controlled by Dato' Dr. Cheng Yu Tung and family. CTFE is
the parent company of New World Development Company Ltd., one of the listed
leading property developers in Hong Kong, and the principal activities of the
CTFE group of companies include investment holdings, property development and
investment, hospitality services, infrastructure, department stores, jewelries
and other consumer and retail businesses.
Investec Bank plc is a member of Investec Group, an international specialist
bank and asset manager. Investec is listed on the London Stock Exchange and on
the Johannesburg Stock Exchange.
For more information, please contact:
+86 137 6177 4370
SOURCE Glamour Sales
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