Groupon (GRPN) Announces High-End Service 'Groupon Reserve'

July 1, 2013 8:16 AM EDT
Groupon (NASDAQ: GRPN) introduced Groupon Reserve Monday, what it it calling a premiere destination for the finest things to eat, see, do and buy.

Debuting on Reserve is Savored.com's reservations engine that lets customers book tables at some of the best restaurants in their city at discounts of up to 40 percent.

In the future, Reserve will also feature premium deals and experiences from top beauty, product, travel and entertainment brands, as well as similar reservations capabilities for spas, salons and hotels.

"Groupon Reserve is an important step in our journey to become the leading marketplace for online deals, where consumers can come to Groupon and discover great businesses at unbeatable prices," said Groupon CEO Eric Lefkofsky. "As Groupon has evolved, we've seen growing demand from our customers for upscale offers and exclusive experiences. Reserve gives the most prestigious brands a new way to reach our large and desirable audience."


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