BuyVip, the Spanish online shopping club (Update – December 2022: The startup seems to be no longer in business and we therefore deactivated the link), has been bought by Amazon. According to Greg Greeley, Vice-President of European Retail at Amazon, the site is an excellent addition to the existing European business for Amazon.
The purchase price was not announced, however there are rumors of a sum close to €70 million. The Spanish startup BuyVip claims to have more than six million members, and operates in Spain, Italy, Germany, Austria, the Netherlands and in Portugal. Just in April of the last year, BuyVip received a capital injection of €14.9 million.
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