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Aucnet Breaks Into The U.S. Market
~Sets Up A New Company & Forms a Strategic Capital Alliance with LePrix~

2020/2/14

AUCNET INC. (Headquarters: Minato-ku, Tokyo; Chief Executive Officer and President: Kiyotaka Fujisaki; hereinafter, “Aucnet”), a B2B online platform provider, established AUCNET CONSUMER PRODUCTS USA, LLC. (“ACP USA”) in the U.S. Aucnet plans to seriously develop ACP USA in the United States’ rapidly growing secondhand luxury goods market. To kick-off its expansion into the American market – as of December of 2019 – Aucnet has also formed a strategic capital alliance with U.S.-based platform LePrix, Inc. (Headquarters: Maryland, USA; CEO and Co-Founder: Elise Whang; hereinafter, “LePrix”) by making a minority investment into the company.

Currently, the United States’ pre-owned luxury goods market is rapidly expanding, and as a result demand for ‘high quality secondhand goods from Japan’ is growing at a steady pace. To meet this demand, Aucnet USA – a wholly owned subsidiary of Aucnet – created ACP USA in the state of Delaware. ACP USA is a company which specializes in the B2B secondhand luxury goods business. ACP USA plans to provide operational services and actively promote participation by current and potential B2B users in the USA for its Japan based auction, which was developed in 2008. In addition, Aucnet intends to grow online transactions in America by collaborating with LePrix, – a Maryland based B2B and B2C designer resale platform, which was developed in 2014 and currently has a member network of over 600 resale fashion companies in the United States.

Aucnet, as a whole (including the pre-owned luxury brands business) will continue to develop convenient and quality assurance services for all of its users across the globe.

*In 2008, Aucnet launched B2B auctions of pre-owned luxury brand items in Japan. This online, information distribution platform allows its users to purchase and sell a wide range of products, including but not limited to: bags, watches, jewelry, fashion accessories, artwork, coins, hobby goods, and tableware. It is currently one of the leading Japanese online markets – with 1,700 domestic members, 200 overseas buyers, 430,000 annual exhibits, and an annual transactional value of 9.9 billion yen (2018 results). About 10 years of industry-specific knowledge known as ‘know-hows’ has been gathered through the distribution of pre-owned luxury brand items. Such information includes topics like: authentication, inspection, quality evaluation, and auction systems.

【Overview: AUCNET CONSUMER PRODUCTS USA, LLC.】
Company Name: AUCNET CONSUMER PRODUCTS USA, LLC.
Contents of Business: Online distribution of second-hand luxury products between businesses (B2B)
Date Established: January 27, 2020
Location: Austin, Texas USA
Shareholder: AUCNET USA (100%)
CEO: Yasuto Saito

【Overview: LePrix, Inc..】
Company Name: LePrix
Year Established: 2014 (Company name changed to LePrix as of June, 2018)
Address: 4641 Montgomery Avenue, Suite #515, Bethesda, Maryland 20814 USA
CEO: Elise Whang
Website URL: https://leprix.com/
Business Description: LePrix is a technology-based platform operator that leads the online resale market for luxury brands and vintage products. They have 2 platforms: B2B and B2C. There are over 70,000 secondhand luxury brand items listed on the B2C site. The B2B site offers a wholesale channel, allowing businesses to buy and sell each other’s surplus inventory through a business sales network. LePrix is headquartered in Maryland, with offices in New York, San Francisco, and Los Angeles.

【Overview: AUCNET INC.】
Company Name: AUCNET INC.
Address: Aoyama OM Square, 5-8 Kita-Aoyama 2-Chome, Minato-Ku, Tokyo, Japan
Date Established: June 29, 1985
CEO: Kiyotaka Fujisaki
Capital: 1,711 Million Yen (As of December 31, 2018)
Consolidated Sales: 19.4 Billion Yen (End of fiscal year: December 2018)
Number of Employees: 677 (As of December 31, 2018)
Stock Information: TSE First Section March 2017 (Code: 3964)
Business Description: In 1985, Aucnet launched the world’s first ‘used car TV auto auction system’ that enabled the trading of used cars without needing to see the actual products. Since then, the company has specialized in information distribution support service by organizing and operating the internet auctions. Furthermore, over the past 35 years, online auctions have gone on to include: motorcycles, flowers/agricultural goods, used digital devices, used luxury products, and others.

【Article Inquiries】
AUCNET INC.
General Planning Department
Kiyoshi Koya, Fumihiko Kuno, and Keiko Ito
Tel: +81 03-6440-2530
Email: request@ns.aucnet.co.jp

【Business Inquiries】
AUCNET CONSUMER PRODUCTS INC.
Business Development Department
Miya Komatsuzaki and Kana Yamanashi
Tel: +81 03-6440-2345
Email: brand-kaigai@ns.aucnet.co.jp



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