Yet another deal among European online buying clubs in the space of a few short months. This time, it’s one club taking a stake in another, rather than a VC investment.
Brands4friends.de, an online shopping club in Germany, has taken a “significant” investment in Secret Sales, a buying club in the UK. Terms of the deal were not disclosed but TechCrunch is reporting it to be in the “multi-million” pound region.
The investment will help Secret Sales with its “aggressive” growth strategy in the UK, Nish Kukadia, the co-founder and CEO of Secret Sales, said in the release (PDF in German), while the deal also gives brands4friends a foothold in the UK online shopping market.
Brands4friends.de made

Comments have been disabled for this post