Statement re Investment in Gilt Groupe Inc. (1823G)
09 Mayo 2011 - 1:27AM
UK Regulatory
TIDM56ID
RNS Number : 1823G
Softbank Corp
09 May 2011
May 9, 2011
SOFTBANK Group
Gilt Groupe Inc.
Gilt Groupe K.K.
SOFTBANK Invests in Gilt Groupe Inc.
Innovative Online Shopping Destination Expands Business in
Japan
through Joint Venture
SOFTBANK Group (Tokyo, Japan, Representative: Masayoshi Son,
hereafter "SOFTBANK") announces that it has invested 62.5 million
US dollars (approximately 5.2 billion yen,) into Gilt Groupe Inc.
(New York, USA, Representative: Kevin Ryan), an operator of "Gilt",
an innovative online shopping destination. SOFTBANK has also agreed
to acquire a 50% stake in Gilt Groupe K.K. (Tokyo, Japan,
Representative: Peter Glusker), a wholly owned subsidiary of Gilt
Groupe Inc. to accelerate Gilt Groupe K.K.'s expansion in
Japan.
Gilt started its service in the United States in 2007, and has
become one of the world's largest invitation-only shopping sites
offering its more than 3.5 million members special access to the
most inspiring merchandise and experiences everyday, at insider
prices. Gilt continually searches the world for the most coveted
brands, including fashion for women, men and children, home decor,
hotels and travel experiences on every continent, and unique
activities in a growing list of cities and destinations.
Gilt Groupe K.K., a subsidiary of Gilt Groupe Inc. was
established in 2008, and launched its service in Japan in March
2009. Having grown rapidly over the past two years, Gilt Groupe
K.K. has established itself as the industry leader in the Japanese
market with its high-quality service and products. The company will
continue to expand its business through its joint venture with
SOFTBANK which has wide range of experience in the Internet
field.
About Gilt Groupe Inc.
Gilt Groupe, www.gilt.com, is an innovative online shopping
destination offering its 3.5 million members special access to the
most inspiring merchandise and experiences every day, many at
insider prices. Gilt continually searches the world for the most
coveted brands, including fashion for women, men and children, home
decor, hotels and travel experiences on every continent and unique
activities in a growing list of cities and destinations. We believe
that every day is an opportunity to inspire and be inspired.
Gilt Groupe K.K., www.gilt.jp, was launched in March 2009, and
has established itself as the leading flash-sales site in Japan
with over 600,000 members.
About SOFTBANK
SOFTBANK is a leading Internet company that aims to provide a
range of services including mobile communications, broadband
infrastructure, fixed-line telecommunications, internet culture,
and others. SOFTBANK declares its company mission "Endeavoring to
benefit society and the economy and maximize enterprise value by
fostering the sharing of wisdom and knowledge gained through the IT
revolution.", and it continuously strives to create synergies among
various content and services within the Group. For more
information, please refer to http://www.softbank.co.jp/en/.
Contact
Gilt Groupe Inc. Jennifer Miller Email: jmiller@gilt.com
Gilt Groupe K.K. Kayoko Higashino TEL: +81 3 4588 9427 Email:
khigashino@gilt.jp SOFTBANK Corp. Email: pr@softbank.co.jp
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRGLGDUDDGBGBC
Cred Ag Co 27 (LSE:56ID)
Gráfica de Acción Histórica
De Jun 2024 a Jul 2024
Cred Ag Co 27 (LSE:56ID)
Gráfica de Acción Histórica
De Jul 2023 a Jul 2024