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ThredUp looks to raise up to 168 million dollars in IPO

Fashion resale platform ThredUp is aiming to raise up to 168 million dollars in its upcoming IPO. The US company said Thursday it plans to sell 12 million shares of its Class A common stock at a price of between 12 dollars and 14 dollars, the upper range of which would raise 168 million dollars and value the business at around 1.3 billion...

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Secondhand clothing sales are booming – and may help solve the sustainability crisis in the fashion industry

A massive force is reshaping the fashion industry: secondhand clothing. According to a new report, the U.S. secondhand clothing market is projected to more than triple in value in the next 10 years – from 28 billion dollars in 2019 to 80 billion dollars in 2029 – in a U.S. market currently worth 379 billion dollars. In 2019, secondhand clothing...

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