Announced
Financials
Sources
Tags
Private
fashion retailer
Friendly
Pending
Acquisition
Single Bidder
Majority
Cross Border
Bulgaria
Apparel Retailers
Synopsis
thredUP, an online resale platform for women and kids apparel, shoes, and accessories, agreed to acquire Remix, an operator of fashion resale company, for $28m. "Lyubomir and his team have built a strong, lean, customer-first business, and they know how to deliver resale operationally across multiple markets in Europe. We're bullish about the massive opportunity in the European resale market and are thrilled about the chance to build on Remix's technology and operational expertise to help accelerate its growth," James Reinhart, thredUP Co-Founder and CEO.
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