22 Mar '18, 5am

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

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

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 taken the company public. Shares of SOU opened for trading in Tokyo Thursday at 4,100 yen a share, 24 percent higher than the IPO price of 3,300 yen. 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 returning to...

Full article: http://www.thejakartapost.com/life/2018/03/22/used-louis-...

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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 have propelled this paw...

bloomberg.com 22 Mar '18, 12am

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...

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bloomberg.com 25 Mar '18, 1am

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...

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...

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

bloomberg.com 31 Mar '18, 3pm

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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