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Thredup buys European platform as resale race heats up

Thredup buys European platform as resale race heats up

To receive the Vogue Business newsletter, sign up here . Thredup is setting its sights on Europe as the race to dominate the largely fragmented resale market intensifies. On Monday, the US-based resale platform, which went public in March, said it will pay $28.5 million to buy Remix Global, a resale site that sells in nine European markets from a warehouse in Sofia, Bulgaria with annual revenues of $33.9 million.

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