PARIS, November 27th, 2021 – VTEX (NYSE: VTEX), the enterprise digital commerce platform for premier brands and retailers, the leader in accelerating the digital commerce transformation in Latin America and now expanding globally, has recently inaugurated a new business operation in Paris. Led by Philippe Peyresaubes, general manager for VTEX France and senior vice-president for EMEA, this new office enables the Company to better serve its customers with local operations, such as Mazda and Motorola, and increase its presence in the country.
The enterprise digital commerce platform powers 2,500 active online stores in 32 countries. VTEX also supports several major French companies worldwide, such as Carrefour and L’Oréal. Groupe Stars, the French group owning teleshopping.fr and m6boutique.com, is the most recent enterprise to join the digital commerce platform’s customer base in France.
The local team is expected to grow rapidly with the significant job openings planned for the upcoming months. VTEX already counts over 1,600 digital commerce experts worldwide.
“We are witnessing a craving for innovative and functional digital commerce technology in France, as some of the solutions currently offered in the European continent no longer meet customer expectations. That is why we have found a significant opportunity for VTEX in the country, by offering modern technology ahead of the market, thanks to the Software as a Service (SaaS) logic combined with an agile and composable architecture that enables us to cover a broad functional scope, from D2C to B2B”, says Philippe Peyresaubes.
Already established in 5 countries in Europe – the United Kingdom, Portugal, Spain, Italy and Romania – the company reinforced its movement towards its global expansion, as part of its Growth strategy following its recent IPO at the New York Stock Exchange (NYSE, in July 2021).
France represents the 7th most relevant growing ecommerce market in the world and the 3rd in Europe, according to a J. P. Morgan study¹. The country is considered to be one of the most mature markets for digital commerce, representing an opportunity for online businesses looking to rationalize their ecommerce stack, lower their Total Cost of Ownership (TCO), and resolve channel conflict management through an all-in-one technology.
VTEX (NYSE: VTEX) provides a software-as-a-service digital commerce platform for enterprise brands and retailers. Our platform enables our customers to execute their commerce strategy, including building online stores, integrating and managing orders across channels, and creating marketplaces to sell products from third-party vendors. Founded in Brazil, we have been a leader in accelerating the digital commerce transformation in Latin America and are expanding globally. Our platform is engineered to enterprise-level standards and features. We are trusted by more than 2,000 customers with over 2,500 active online stores across 32 countries, who rely on VTEX to connect with their consumers in a meaningful way*.
*Figures as of FY ended on Dec. 31st, 2020
¹J. P. Morgan. “E-commerce payments trends: France.” JP Morgan, 2019, https://www.jpmorgan.com/europe/merchant-services/insights/reports/france.