M6: Home Shopping Service Acquires a 51% Equity Stake in Best of TV
January 08 2014 - 1:00AM
Business Wire
Regulatory News:
The M6 Group (Paris:MMT), through its subsidiary Home Shopping
Service (Ventadis Division), has today finalised the acquisition of
a 51% equity stake in Best of TV, a French company that imports and
distributes products sold via home shopping to points of sale.
With this acquisition, HSS confirms its position as a key player
in home shopping in France by widening the distribution network for
its home shopping products.
The alliance of HSS and Best of TV will mean that the entire
life cycle of the home shopping product, from broadcast on the
channel through to distribution at points of sale, can be managed
and monitored. With their complementary expertise and their close
relationships with suppliers of home shopping products, the two
companies will be able to put synergies into place and accelerate
their development.
The Group is delighted to welcome the two founders, Jean-Camille
Raymond and Bruno Raymond, whose experience and success will
benefit HSS.
** *
About Home Shopping Service
Founded in 1987, Home Shopping Service is the leading home
shopping company in France. HSS initially developed its activity
thanks to the daily programme M6 Boutique broadcast on M6, and then
diversified its operations thanks in particular to M6 Boutique
& Co, the only home shopping channel in France, as well as a
catalogue, website, and physical shops. Home Shopping Service is
part of Ventadis, the Distance Selling division of M6 Group, along
with Mistergooddeal, one of the pioneers of e-commerce in France,
and Monalbumphoto.fr, the leading website for personalised photo
books.
In 2012, Ventadis generated revenues of €267 million and an
operating profit of €12.9 million.
About Best of TV
Since its launch in 2009, Best of TV has been importing and
distributing home shopping products through physical marketing
channels. The Company showcases the best home shopping products,
giving them pride of place in points of sales with the endorsement
“The Original, as Seen on TV!”. Best of TV offers original and
innovative products in a variety of areas, such as beauty, fitness,
wellbeing, cookery, home, etc.
Best of TV has been knowing a strong growth since its launch in
2009, and generated revenues of €€19 million in 2012. The firm has
been profitable since its launch.
** *
M6 Métropole Télévision is listed on Euronext
Paris, Compartment ATicker MMT, ISIN Code: FR0000053225 -
www.groupem6.fr
INVESTOR RELATIONSEric Ghestemme, +33 1 41 92 59
53eghestemme@m6.frorPRESSYann de Kersauson, +33 1 41 92 73
50ydekersauson@m6.frwww.groupem6.fr
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