Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. SoftBank Group Corp.
  6. News
  7. Summary
    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

SoftBank : Vestiaire Collective valued at $1.7 billion in Softbank-led fundraising

09/22/2021 | 06:07am EDT

PARIS (Reuters) - Second hand luxury site Vestiaire Collective on Wednesday said it had completed another fundraising round led by Softbank that valued the firm at $1.7 billion, in a boost for the used clothing market that is starting to attract fashion groups too.

Paris-based Vestiaire Collective, which competes with resale platforms such as RealReal, already counts Gucci-owner Kering among its investors.

Large luxury goods groups have been circling the second hand market, one they had long shunned, as it picks up steam thanks to online platforms.

Handbags in particular can fetch high prices even when they are pre-owned, creating buzz around some vintage products, and younger environmentally conscious consumers are increasingly drawn towards new consumption models.

Vestiaire Collective said it had raised 178 million euros in the latest fundraising, with Softbank and Generation Investment Management.

Some existing shareholders including Bpifrance, Conde Nast, Eurazeo and funds managed by Fidelity International and Korelya Capital also re-invested.

Softbank will have a seat on Vestiaire Collective's board, the company said.

This week another French business, blockchain-based fantasy soccer game Sorare, raised $680 million in a funding round also led by SoftBank.

Paris-based Sorare said the investment valued the company at $4.3 billion.

(Reporting by Sarah White and Mimosa Spencer; editing by Jason Neely)


ę Reuters 2021
All news about SOFTBANK GROUP CORP.
01:21aTHG search for independent chair to begin
AQ
01:08aSoftBank Corp. and HAPSMobile Contribute to ITU-R's “HAPS Radiowave Propagation P..
PU
12:48aJapan's top 3 mobile carriers scrap cancellation fees amid gov't call
AQ
10/26THG Sinks 21% Despite Attempts to Ease Investor Concerns About Governance
MT
10/26SoftBank-backed THG boosts board as it seeks to soothe investors
RE
10/26UK's FTSE 100 at 20-month highs after Reckitt forecast lift
RE
10/26Nikkei rises on Wall Street gains, earnings optimism
RE
10/26Japan Index Rises 500 Points on Tuesday-End; Panasonic Gains 6%
MT
10/25Nikkei tracks Wall Street higher amid earnings optimism
RE
10/25SOFTBANK : UJU Launches Up to $141.5 Million Hong Kong IPO, Gets TikTok Owner as Cornersto..
MT
More news
Analyst Recommendations on SOFTBANK GROUP CORP.
More recommendations
Financials
Sales 2022 6 040 B 52 967 M 52 967 M
Net income 2022 1 327 B 11 637 M 11 637 M
Net Debt 2022 15 330 B 134 B 134 B
P/E ratio 2022 9,12x
Yield 2022 0,68%
Capitalization 11 135 B 97 481 M 97 645 M
EV / Sales 2022 4,38x
EV / Sales 2023 4,09x
Nbr of Employees 58 786
Free-Float 69,3%
Chart SOFTBANK GROUP CORP.
Duration : Period :
SoftBank Group Corp. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SOFTBANK GROUP CORP.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 6 500,00 JPY
Average target price 10 291,33 JPY
Spread / Average Target 58,3%
EPS Revisions
Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Raul Marcelo Claure Chief Operating Officer & Executive Vice President
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
SOFTBANK GROUP CORP.-19.33%97 481
AT&T INC.-11.79%181 138
T-MOBILE US-13.71%145 213
KDDI CORPORATION20.03%72 390
AMÉRICA MÓVIL, S.A.B. DE C.V.24.22%58 182
VODAFONE GROUP PLC-6.93%42 571