Second-hand platform Vinted wants to buy German luxury competitor Rebelle

Second-hand platform Vinted wants to buy German luxury competitor Rebelle

The Lithuanian second-hand platform Vinted – formerly Vinted in Germany – is practicing luxury shopping itself: As the company announced at the end of July, it wants to take over its German competitor Rebelle. Vinted is offering around 30.2 million euros (315 million Swedish crowns) for the Hamburg online shop, which specializes in used designer clothing and only went public in Sweden in February of this year .

With almost 22.4 million shares, this corresponds to a price of 1.35 euros (14.10 Swedish crowns) per share. This puts the offer 8.46 percent above the current market price. The offer runs until August 19th. According to a press release, almost 65 percent of the shareholders had already “irrevocably” accepted the offer in advance.

Vinted continues to expand

Vinted is thus continuing its course of expansion. According to the company, the platform has 65 million members and is active in 16 markets in Europe and North America. Just over a year ago, the company raised around 207 million euros (250 million US dollars) from investors as part of its Series F round. The company also recently announced that it was launching a B2B logistics offshoot called Vinted Go.

With Rebelle, Vinted is now focusing more on the luxury segment. The Hamburg-based company, which was founded in 2013, allows customers to buy or sell primarily used designer and collector’s items. “We see great potential to strengthen the value proposition for our customers by combining Rebelle’s expertise in the luxury segment with Vinted’s large membership base and geographic reach,” Vinted CEO Thomas Plantenga said in a statement.

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