A Snapshot of the French Digital Economy

Yahoo Finance
A Snapshot of the French Digital Economy

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Vente-Privee, the French firm that pioneered online sales events, expects the bulk of its sales in coming years to be carried out on smartphones and tablet computers.

The website, which sells luxury fashion, wine and music at steep discounts to its 19 million European members in "flash sales" that last three to five days, also expects revenue to continue to grow at a double-digit rate over the next 10 years.

Reporting by REUTERS.

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