Vinted acquires rival fashion site United Wardrobe - Business Insider

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Vinted – the biggest secondhand fashion unicorn in Europe – just acquired rival startup United Wardrobe as the resale market explodes

and start reading now.

Founded in 2008, Lithuania's Vinted lets users buy, sell, and swap unwanted items of clothing and accessories. The private company is backed by the likes of Accel and Insight Venture Partners, In an interview with Business Insider, Vinted CEO Thomas Plantenga said he had been "very impressed" with United Wardrobe's speed and focus: "It started to bug me, you know, and I just thought, 'Why are we competing?'"

"We had been challenging them in the French market but, as it turned out, Thomas was just a really cool and humble guy, and someone we thought very quickly we could work with."

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