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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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Portuguese historical films will premiere on 29 December.



Portuguese historical films will premiere on 29 December.

Method Media Bermuda will present the documentary FABRIC: Portuguese History in Bermuda on Thursday, December 29 at the Underwater Research Institute of Bermuda.

A spokesperson said: “Method Media is proud to bring Bermuda Fabric: Portugal History to Bermuda for its 5th and 6th showing at the Bermuda Underwater Observatory. In November and December 2019, Cloth: A Portuguese Story in Bermuda had four sold-out screenings. Now that Bermuda has reopened after the pandemic, it’s time to bring the film back for at least two screenings.

“There are tickets For $ 20 – sessions at 15:30 and 18:00. Both screenings will be followed by a short Q&A session.

Director and producer Milton Raboso says, “FABRIC is a definitive account of the Portuguese community in Bermuda and its 151 years of history, but it also places Bermuda, Acors and Portugal in the world history and the events that have fueled those 151 years.

“It took more than 10 years to implement FABRIC. The film was supported by the Minister of Culture, the Government of the Azores and private donors.

Bermuda Media Method [MMB] Created in 2011 by producer Milton Raposo. MMB has created content for a wide range of clients: Bermuda’s new hospital renovation, reinsurance, travel campaigns, international sports and more. MMB pays special attention to artistic, cultural and historical content.

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Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.



Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

Maestro Filipe Cunha, Artistic Director of the Philharmonic Orchestra of Braga, has been invited to conduct the Cuban National Symphony Orchestra, as announced today.

According to a statement sent by O MINHO, “he will be the first Portuguese conductor to conduct this orchestra in its entire history.”

In addition to this orchestra, the maestro will also work with the Lyceo Mozarteum de la Habana Symphony Orchestra.

The concerts will take place on 4 and 12 March 2023 at the National Theater of Cuba in Havana.

In the words of the maestro, quoted in the statement, “these will be very beautiful concerts with difficult but very complex pieces” and therefore he feels “very motivated”.

From the very beginning, Rachmaninoff’s Piano Concerto No. 2 will be performed by an Italian pianist (Luigi Borzillo), whom the maestro wants to bring to Portugal later this year. In the same concert, Mendelshon’s First Symphony will be performed.

Then, at the second concert, in the company of the Mexican clarinetist Angel Zedillo, he will perform the Louis Sfora Concerto No. 2. In this concert, the maestro also conducts Tchaikovsky’s Fifth Symphony.

“This is an international recognition of my work. An invitation that I accept with humility and great responsibility. I was surprised to learn that I would be the first Portuguese member of the Cuban National Symphony Orchestra. This is a very great honor,” the maestro said in a statement.

“I take with me the name of the city of Braga and Portugal with all the responsibility that goes with it, and I hope to do a good job there, leaving a good image and putting on great concerts. These will be very special concerts because, in addition to performing pieces that I love, especially Rachmaninov and Tchaikovsky, I will be directing two wonderful soloists who are also my friends. It will be very beautiful,” concludes Filipe Cunha.

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