Showroomprivé acquires 100 percent stake in Beauteprivee

European online retailer Showroomprivé has purchased the remaining 40 percent of Beauteprivee’s share capital. The company said, in March 2017, the group had acquired a 60 percent equity stake in Beauteprivee, the French online flash sales player specialized in cosmetics, beauty and well-being products, along with the option to purchase the rest of the share capital. The company added that the acquisition of the remaining portion of Beauteprivee’s share capital at a price of over 20 million euros will be financed by the share capital increase carried out in December 2018, which fetched gross proceeds of 39.5 million euros.