How Lithuania's Vinted cracked the luxury clothing resale code

Thomas Plantenga bet the future of Vinted on a television advertisement. The secondhand clothing resale app was burning $1 million per month and had less than a year of cash left when Plantenga made an $800,000 gamble on French television. “They had the best retention and engagement numbers I have ever seen. Then they applied the Poshmark model and everything collapsed,”
Read more...

;