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BuyVIP is the leading European private buyers’ club with more than 400 brand relationships across the region. With an online community of more than 3.5 million members and operations in Spain, Germany and Italy, the company offers a unique and efficient direct marketing channel to its brand partners.
BuyVIP is an exclusive, invitation-only online destination where invited members discover premier brands in time limited campaigns. Products are either end of season or are not yet available thus making BuyVIP a unique platform for great deals usually 30-70% off the original retail price.
With more than 3.5 million members (Dec 2008) and more than 10 new sales campaigns every day, throughout Europe, BuyVIP is a leader in the private sales segment. Partner brands include companies such as Calvin Klein, Ed Hardy, Diesel, Adidas, Puma, Nudie, Gucci or Fendi. Investors include Kennett Partners, Bertelsmann and 3i group.
The company was founded in 2006 simultaneously in Spain and Germany by a two serial entrepreneurs Gustavo Garcia and Gerald Heydenreich. Today BuyVIP is a truly European company with more than 120 employees with subsidiaries in Spain, Germany, Italy, Portugal and Austria. BuyVIP recently won the acclaimed Red Herring Top 100 award and has been selected by European Tech Tour.
Private buying clubs are showing tremendous growth in many European countries as fashion-conscious consumers are flocking to the web to save both time and money by participating in short duration sales. As a result, the online channel is becoming an integral part of many brands’ international distribution strategy. The overall European market opportunity is estimated to exceed €1 billion in 2009.
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| Headquarters | Madrid Area, Spain |
| Industry | Internet |
| Type | Privately Held |
| Status | Operating |
| Company Size |
150 employees
|
| Founded | 2006 |
| Website | http://www.buyvip.com |
| Top Schools |
| Universidad Complutense de Madrid | 12% |
| IESE Bus. School - Univ. of Navarra | 7% |
| Universidad Politécnica de Madrid | 7% |
|
Estimated based on LinkedIn Data
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