Vinted wants to acquire its competitor Rebelle. Apparently, the company offered 30,2 million euros for Rebelle. So far, no official response has been made public, but inside sources claim that Rebelle commission members and shareholders look upon the deal in a very positive light.
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Vinted is an online platform mainly focused on buying and selling pre-owned clothing and was founded in Lithuania. Rebelle is also a secondhand fashion marketplace but from Germany, and offers mainly luxury brands.
Vinted has been expanding its business recently, launching a logistics arm and online shipping platform. At the start of this year, Rebelle went public, valued at nearly 60 million euros.
Vinted released the news in a press release which indicated that, for the takeover, the company had offered 1,35 euros per share. With 22,4 million shares of Rebelle, this comes down to 30,2 million euros.
Vinted offered 30,2 million euros with 1,35 euros per share.
The company says it wants to own over 90 percent of Rebelle’s shares as part of the deal. An appointed committee of Rebelle responded positively to the offer, according to Vinted, and shareholders collectively represent 65 percent of shares.
Vinted plus Rebelle: a force to be reckoned with!
Probably the main thought process behind Vinted's attempt to take over Rebelle is the fact that the market is becoming increasingly competitive for secondhand clothing. If we add to this the fact that Rebelle could fill a market gap - the luxury secondhand market for clothing - that Vinted is not currently profiting from, the duo seems like a really good deal for both and a possible powerhouse for the industry.
