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ThredUp to Acquire European Resale Platform

The acquisition of Remix is expected to close by year’s end
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ThredUp to Acquire European Resale Platform
Courtesy of ThredUp

Online resale platform ThredUp (Oakland, Calif.) has entered into a definitive agreement to acquire Remix Global AD, a leading European resale company, according to a press release.

The move is meant to accelerate ThredUp’s expansion into Europe, where the resale market is expected to reach $39 billion by 2025. ThredUp will invest in Remix’s product offerings, processing infrastructure and go-to-market strategy.

Remix will operate as an independent business unit, led by CEO Lyubomir Klenov. The acquisition should close during the fourth quarter of 2021.

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Jennifer Acevedo is the editor-in-chief and associate publisher of VMSD magazine.

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