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Back Market reaches the unicorn and enters the Portuguese market – Technologies



Back Market reaches the unicorn and enters the Portuguese market - Technologies

Targeted at the refurbished process equipment market, French Back Market raised € 276 million in a Series D investment round led by General Atlantic. Companies such as Generation IM and current investors Aglaé Ventures, Eurazeo, Goldman Sachs Growth Equity and daphni also joined the round.

The amount raised in this investment round allows the company to join the group of European unicorns, where the admission ticket is estimated at more than one billion dollars. According to Back Market, the company is now valued at $ 3.2 billion (€ 2.7 billion).

The French back market intends to expand into Europe and also announces its arrival in the Portuguese market. A note sent to the newsroom says the company wants to “change the way the Portuguese buy electronic devices with the mission of promoting these refurbished products and making them easier to access.” Several companies have opted for the refurbished product market, mainly in the smartphone area. When buying a refurbished product, the consumer is buying something that has already been used but is functional and has been properly tested at a lower cost. Remanufactured products are assessed taking into account the condition of the equipment, namely the appearance. The result of a rating is a letter-based rating where “A” rating products have fewer usage ratings — a rating where products have a higher price tag. Refurbished products are also sold under a warranty that varies with the vendor.

The Back Market brings together multiple sellers of updated technology products on one site. According to the site, smartphones, tablets, smartwatches and computers are available in Portugal. This site features Apple products as they tend to be the most requested refurbished hardware. In the case of Back Market, the percentage of the discount in relation to the average selling price of new equipment is also indicated, as well as the duration of the warranty.

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“Refurbished electronics are already the most economical and environmentally friendly choice, and now that we have successfully bridged the quality gap, we are preparing to enter the $ 1.5 billion market for new devices,” he emphasizes Thibault Hug, CEO of Back Market.

The company says it has 1,500 merchants available on the platform and 5 million customers in markets where it has a presence such as France, USA, Germany, Belgium, Austria, Holland, UK, Italy or Spain. More recently, the company has expanded to Japan, Finland and Ireland, as well as Portugal.

The platform was launched in 2014 by Thibaut Hug de Larause, Quentin Le Brewster and Vianni Vot. The company currently has 480 employees spread across offices in New York, Berlin, Paris and Bordeaux.

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The abolition of fees for teaching Portuguese abroad will not be accepted by parliament, MP says – Observer



The abolition of fees for teaching Portuguese abroad will not be accepted by parliament, MP says - Observer

According to Socialist MP Paulo Pisco, the views of the BE, PCP and PAN on the abolition of fees for teaching Portuguese abroad were voted on Tuesday in a parliamentary committee.

The Committee on Foreign Affairs and Portuguese Communities voted on Tuesday in favor of four projects – from the Left Bloc, the Communist Party of Portugal, “People-Animal-Nature” and “Enough”, which mainly advocate the abolition of fees for teaching Portuguese abroad and free school textbooks.

According to Paulo Pisco, a socialist member of the commission, the opinions of the BE, PKP and PAN were approved, but Chega’s opinion deserved to be abstained from the PS because it contained “xenophobic elements” in its purpose.

The MP had in mind, in particular, the recipients of this teaching, which is currently intended not only for the Portuguese or the descendants of the Portuguese, but also for those who want to learn the Portuguese language, with which Chega allegedly disagrees, according to Paulo Pisco. .


After the approval of these opinions, the abolition of the bribe would be discussed and voted on in the plenary session of the Assembly of the Republic, but Paulo Pisco said that they should not be approved, since the “commitment” of the government is different.

“The government’s obligation is to reduce the burden of the Portuguese” and this will always be determined “in every approved state budget”.

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Portuguese health minister rejects conflict of interest over marriage to president



The health minister said there was no conflict of interest in her marriage to the current chairman of the Order of Dietitians, saying that the trusteeship of that body had been delegated to the Secretary of State for Health Promotion.

Portugal Digital with Lusa

“Honestly, I don’t think it exists. I have no doubt that this Lady Secretary of State will fill this leadership role,” Manuel Pizarro said on Monday (age 26) on the sidelines of the Pharmacist’s Day celebrations in Sintra, in the Lisbon area.

Aware of the possible conflict of interest, Manuel Pizarro explained that he took “the most appropriate measure (…)”, which was to entrust the functions of guardianship of the Order of Nutritionists to Margarida Tavares.”

“(…) Since I took office as a minister, I have been aware that, since professional organizations have an administrative oversight role, (…) there is a risk of conflict of interest, and I have taken the measures that seem to me the most appropriate, which from the very decided at the outset that he would delegate this oversight function over the Order of Nutritionists to the Secretary of State for Health Promotion,” he stressed.

When asked about the reasons why Margarida Tavares’ name still does not appear in the Diário da República, the official said that “it was necessary to wait for the inauguration of the secretaries of state” and then “to organize the whole process of delegation of authority.” .

“It’s even a good chance that there is a Secretary of State for Health Promotion. I think custody of the Order of Dietitians has been well handed over to the Secretary of State for Health Promotion,” he repeated, noting that “he definitely won’t go through the Minister’s order.” [da Saúde]”.

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“If the secretary of state is responsible for this, it should not go through the minister,” he stressed.

Manuel Pizarro’s statements came after news that the government official may have a conflict of interest because he is married to the chairman of the Order of Dietitians, Alexandra Bento.

The Order of Dietitians was created in 2011 with the approval of the current Minister of Health, who at the time served as Secretary of State for Health.

In addition, Alexandra Bento was the only President of the Order of Occupational Health to attend the inauguration of Manuel Pizarro on 10 September.

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Portuguese newspaper criticizes CR7: “Less Ronaldo, more Portugal” | international football



Portuguese newspaper criticizes CR7: "Less Ronaldo, more Portugal" |  international football

The cover of one of the most important sports newspapers in Portugal this Monday drew a critical tone against the greatest player in the history of the country.

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On the eve of the day when the Portuguese national team will play with Spain and draw for reaching the semi-finals of the League of Nations, the daily newspaper “A Bola” printed a photo Cristiano Ronaldo stating that the player had lost influence in the team commanded by Fernando Santos.

“Less Ronaldo, more Portugal,” reads the headline.

The publication reports that the 37-year-old striker could start on the bench and lists some of the positives of his possible absence, such as the buffing of protagonist Bruno Fernandes. See below:

This Tuesday’s cover of A Bola is being printed by Cristiano Ronaldo – Photo: Reproduction

+ After shock and bleeding, Cristiano Ronaldo trains with a black eye in Portugal

Cristiano Ronaldo started and assisted in a 4–0 thrashing of the Czech Republic on the last round. He has only scored twice in his last eight caps, both against Switzerland.

Czech Republic 0 x 4 Portugal highlights in UEFA Nations League 2022

For Manchester United in the 2022/23 season, he started in three of the eight games played. In the last of them, against Sheriff from Moldova, in the Europa League, he scored for the first time.

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