Home / Knowledge / News / Information Technology / SOFTBANK & Gilt Groupe to bring new stage of online shopping
SOFTBANK & Gilt Groupe to bring new stage of online shopping
09
May '11
SOFTBANK Group announces that it has invested 62.5 million US dollars (approximately 5.2 billion yen) into Gilt Groupe Inc, 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 décor, 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.

Gilt Groupe 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 décor, 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.

The SOFTBANK Group is an internet-based innovator operating a wide range of sector-leading businesses. At SOFTBANK, we're looking to the next thirty years and beyond with a vision for innovation and growth. Through our participation in the information revolution we're enabling new lifestyles in the 21st century. We believe that our success and profitability as an enterprise is directly linked to our proven ability to expand social horizons and create new pathways to human interaction and happiness.

SOFTBANK CORP


Must ReadView All

VF Corporation to split into two independent companies

Apparel/Garments | On 14th Aug 2018

VF Corporation to split into two independent companies

VF Corporation, a global leader in branded lifestyle apparel,...

Courtesy: Good On You

Apparel/Garments | On 14th Aug 2018

Good On You in Oz adds 500 European brands to rating app

Australia-based Good On You’s brand-rating app has recently added 500 ...

Courtesy: USDA/FAS

Textiles | On 14th Aug 2018

US cotton exports in 2017-18 highest in over a decade

Cotton exports from the US in 2017-18 reached their highest level...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search