Vinted, part of our private equity portfolio, is Europe’s largest online customer-to-customer (C2C) platform dedicated to second-hand fashion, with a community of more than 75m members. The Company helps extend the lifespan of garments by resale on its platform, under the assumption that such second-hand items are displacing virgin clothing and accessory products, thus helping mitigate the significant environmental costs associated with the production, distribution, and disposal of textiles/clothing, especially in fast fashion.
Vinted’s market is supported by several secular tailwinds including growing concerns around sustainability and climate change, as well as an increased focus on the circular economy, with consumers eager to make more responsible and less wasteful fashion choices.
At the time of publication (May 2024) Danone were held in our Private Equity – Cycle 1 portfolio.