“The committee recommends Rebelle to accept the offer.” However, this would require consolidation, mergers and acquisitions in an ‘increasingly more competitive business landscape for online second hand fashion marketplaces’. In a separate press statement, Rebelle’s committee says ‘it would be possible to realise its long term strategy on a stand-alone basis’. An appointed committee of Rebelle responded positively to the offer, according to Vinted, as well as shareholders that collectively represent 65 percent of shares. The company says it wants to own over 90 percent of Rebelle’s shares as part of the deal. Vinted offered 30,2 million euros with 1,35 euros per share. With 22,4 million shares of Rebelle, this comes down to a total of 30,2 million euros. For the takeover, Vinted offered 1,35 euros per share. Vinted released the news in a press release. At the start of this year, Rebelle went public, valued at nearly 60 million euros. Vinted has been expanding its business recently, launching a logistics arm and online shipping platform. Rebelle is also a secondhand fashion marketplace from Germany, offering mostly luxury brands. Vinted is an online platform to buy and sell pre-owned clothing, which was founded in Lithuania.
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