While Jennyfer French fashion retailer (annual turnover: €250 million via 300 stores), which was placed in receivership in June 2023, filed for liquidation on April 30, 2025, Vinted reported impressive growth of 36% in 2024. Turnover reached €813.4 million in 2024, up by 36% in a year. The Lithuanian second-hand platform, which became profitable for the first time in 2023 with a net profit of €17.8 million, has once again posted a positive net margin of € 76.7 million up by 326%. Net margin...
Vinted triples net margin in a year and launches investment fund
Profitable for the second year running, Vinted is accelerating expansion in Europe, expanding logistics offering and venturing into venture capital with a fund dedicated to re-commerce.
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