Vente-privee.com joins with AmEx to expand into US

05/13/2011 | Reuters

The French luxury retail site vente-privee.com and American Express have formed a joint venture, equally splitting ownership. The move will expand American Express's e-commerce operations while allowing vente-privee.com to launch a US site. Dan Schulman, head of American Express' technology expansion efforts, said vente-privee.com was attractive to AmEx because of its "heritage in the luxury market."

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