The Spanish e-commerce company has named Fabio Bonfà as new country manager and will be in charge of managing the markets in Spain, Italy, Brazil and Mexico.
Privalia’s owners leave the company. Lucas Carne and José Manuel Villanueva, co-founders of the online sales group, have departed from the company which will from now on be piloted by Fabio Bonfà.
The company, acquired by Vente Privee in April 2016, has explained that Carné and Villanueva’s departure has been produced according to a personal decision and that it has happened during a time of growth for the group.
Privalia was founded in 2006 by Lucas Carné and José Manuel Villanueva, and with the passing of the years, it became one of the main platforms for discount fashion sales on the web.
Privalia was acquired by Vente Privee in April 2016, for a price of 444.1 million euros
Vente Privee acquired Privalia in April 2016 for a price of 444.1 million euros, the equivalent of 24 times its gross operating profit (EBITDA). After the operation, Albert Serrano, general manager of the Spanish platform, took the lead over the whole group in the Spanish market, and Privalia’s headquarters in Barcelona started to operate as head office for the two companies.
Privalia ended fiscal 2017 with a net profit of 17.9 million euros, ahead of the losses valued in 13.5 million euros of last year. The company improved its revenue too, which grew a 19.1%.
The previous year was the first ended fiscal year after the acquisition of Vente Privee. After the operation, the society with which the group operates, Privalia Venta Directa, absorbed the Spanish subsidiary of the French company, Venta Privada Ibérica.
Fabio Bonfà will be in charge of supervising the growth of the platform in Spain, Italy, Brazil and Mexico
Fabio Bonfà will join the executive board of the Ventre Privee group and will be in charge of supervising the growth of the platform in Spain, Italy, Brazil and Mexico as well as of helping to the concretion of strategic projects destined to expand business around Europe.
Privalia’s new general manager has a degree in Economics and Business from Universidad Pontificia de Campinas, in Brazil, and has done some projects in the Getulio Vargas Foundation, in Rio de Janeiro, and in the Babson College of Boston, in the United States.