22 Mar '18, 12am

Used Louis Vuitton bags have propelled this pawn-shop startup to an IPO

The resale of Hermes bags, brand-name jewelry and other luxury items is a thriving industry in Japan, with one critical bottleneck: building inventory is tough. SOU Inc. offers a solution: pawn shops dedicated only to buying up second-hand merchandise. Business has been so good for founder Shinsuke Sakimoto — who posted profit of 1.14 billion yen ($11 million) on sales of 22.7 billion yen for the year ending August — that he’s taking the company public on Thursday. A SOU employee checks a used Louis Vuitton bag at the company office in Tokyo. Photographer: Kiyoshi Ota/Bloomberg Japan’s resale market for luxury brand goods is worth almost 200 billion yen, according to a government report . Yahoo Japan Corp.’s auction website is dominant, but there’s plenty of competition. Mercari Inc. became Japan’s first startup unicorn with a marketplace app, and even EBay Inc. is returni...

Full article: https://www.bloomberg.com/news/articles/2018-03-21/used-l...

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Used Louis Vuitton bags have propelled this paw...

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The resale of Hermes bags, brand-name jewelry and other luxury items is a thriving industry in Japan, with one critical bo...

Used Louis Vuitton Bags Propel Pawn-Shop Startu...

bloomberg.com 21 Mar '18, 10pm

The resale of Hermes bags, brand-name jewelry and other luxury items is a thriving industry in Japan, with one critical bo...

Used Louis Vuitton bags propel pawn-shop startup to IPO #jakpost

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The resale of Hermes bags, brand-name jewelry and other luxury items is a thriving industry in Japan, with one critical bo...

Used Louis Vuitton bags have propelled this paw...

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The resale of Hermes bags, brand-name jewelry and other luxury items is a thriving industry in Japan, with one critical bo...

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The resale of Hermes bags, brand-name jewelry and other luxury items is a thriving industry in Japan, with one critical bo...

Used Louis Vuitton bags push Japan pawn-shop st...

iol.co.za 24 Mar '18, 4pm

Japan’s resale market for luxury brand goods is worth almost 200 billion yen, according to a government report. Yahoo Japa...

Used Louis Vuitton bags propelled this pawn-sho...

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The resale of Hermes bags, brand-name jewelry and other luxury items is a thriving industry in Japan, with one critical bo...

Japan’s used #luxury items startup Sou Inc debuts #Tokyo #IPO with a bang https://t.co/nYNBrTzrWo

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The resale of Hermes bags, brand-name jewelry and other luxury items is a thriving industry in Japan, with one critical bo...

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