ThredUp acquires Remix for European expansion

ThredUp Inc., one of the largest online resale platforms for women’s and kids’ apparel, shoes, and accessories, has begun its international expansion strategy by entering into a definitive agreement to acquire Remix Global AD, one of Europe’s leading fashion resale companies. The acquisition will accelerate ThredUP’s growth plans in Europe, where the secondhand market was estimated to be 21 billion dollars in 2020 and is expected to grow to 39 billion dollars by 2025. The news comes on the heels of strong domestic growth for ThredUP and Resale-as-a-Service expansion (Raas), including new deals with Vera Bradley, Farfetch, LG, and Madewell.