Reported 1 day ago
MySize, an Israel-based e-commerce and AI-driven apparel-sizing company, has acquired the European second-hand fashion marketplace Percentil to expand its footprint in the fashion resale market. With plans to reposition Percentil as a premium market for higher-value second-hand items, MySize aims to build a sustainable circular fashion business. The acquisition, valued at approximately 610,000 euros, allows MySize to launch a B2B resale solution that assists brands in monetizing returns and overstock, aligning with new EU regulations on sustainable textiles. MySize anticipates significant revenue growth from Percentil's integration, enhancing its business profile in the burgeoning second-hand fashion sector.
Source: YAHOO