Vestiaire Collective, a global online marketplace for desirable pre-loved fashion, has acquired Tradesy, a US specialist in the fashion resale industry.
Financial terms of the deal have not been disclosed.
Vestiaire Collective and Tradesy were both founded in 2009 by women entrepreneurs committed to transforming the fashion industry towards a more sustainable future.
By joining forces, Vestiaire Collective and Tradesy significantly increase the size and reach of their peer-to-peer marketplaces, to the direct benefit of their sellers and buyers. The combined company will boast a membership community of 23 million, a catalogue of five million items and a Gross Merchandise Value (GMV) exceeding USDF1 billion.