Deal Snapshot
thredUP Acquires European Fashion Resale Firm Global Remix
Tuesday 27 July 2021

US-based online resale platform ThredUp Inc. (NASDAQ: TDUP) has entered into a definitive agreement to acquire European fashion resale firm Remix Global AD, the company said.

The acquisition will accelerate thredUP's growth plans in Europe, where the secondhand market was estimated to be USD 21bn in 2020 and is expected to grow to USD 39bn by 2025. The news comes on the heels of strong domestic growth for thredUP and Resale-as-a-Service (RaaS) expansion, including new deals with Vera Bradley, Farfetch, LG, and Madewell.

Date Published: 27/07/2021