Announced
Financials
Sources
Tags
Friendly
Tender Offer
second-hand clothes
Public
Single Bidder
E-commerce
Cross Border
Pending
Acquisition
Majority
Germany
Synopsis
Vinted, a second-hand marketplace, agreed to acquire Rebelle, an online marketplace for secondhand designer fashion, for $31m. "As an industry peer, we have followed Rebelle for many years and are impressed with their offering and what they have achieved in the luxury segment. By combining Rebelle's expertise in this segment with Vinted's geographical reach and large member base, we see great potential to create a strengthened value proposition for consumers, and ultimately support increased uptake of second-hand. We are also grateful for the broad support that our Offer has received from the Bid Committee and major shareholders of Rebelle," Thomas Plantenga, Vinted CEO.
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