Vestiaire Collective Acquires US Fashion Reseller Tradesy.
MANews-(C)2009-2022
Estonia-based resale e-store startup Upty has acquired Finland-based second-hand ecommerce provider Rekki to pursue accelerated expansion across Europe, the company said.
Upty acquired its larger and more established competitor in a cash and stock deal. Terms of the transaction were not disclosed.
The joining of the two companies in secondhand ecommerce marks the push towards sustainable fashion through circular economy.
Upty's online retail platform allows consumers to de-clutter their closets whilst also allowing to purchase like-new items at a discount of up to 90%
Upty is planning to...
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