New York – France-based flash sales service Vente-privee.com
has partnered with American Express on a joint venture to enter the U.S.
market, All Things D reports.
Terms of the deal, including the amount of
American Express’ investment in the joint venture, were not disclosed.
Vente-privee.com counts 13 million members in Europe and has generated more
than $1 billion in sales.
The company’s competitors in the U.S. market will
include Gilt Groupe, ideeli, Amazon.com and Nordstrom.
(All Things D)