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Online apparel reseller Thredup acquires Kindermint.com
26
Feb '15
Online apparel reseller, Thredup.com, which buys and sells like-new women’s and kids’ clothing said it has acquired Kindermint.com, an online resale store that specialises in gently used kids’ clothes.

According to Thredup, Kindermint customers will now have access to over a quarter-million like-new items across women’s, petite, plus, maternity, kids’ and juniors’ categories.

“They will now have a resource to buy and sell women’s apparel, shoes and accessories, in addition to children’s pieces,” Thredup said.

“We are very excited about the acquisition and what this means for our customers,” Kindermint CEO Vishal Mahtani said.

He added, “From day one, we have had moms ask if they can sell their clothing as well as their children’s clothes, and this merger makes that possible.”

Kindermint’s inventory comprises of designer and boutique brands such as Gymboree, Hannah Andersson, Ralph Lauren and Tea Collection.

It has been buying and selling secondhand girls and boys clothing, size 12 months to size 8, in mint condition since 2013, and is recognised as an early pioneer in the designer resale space.

“Kindermint’s commitment to quality, the environment, charity, and loyal parent customer base made this a very appealing acquisition for us,” said James Reinhart, CEO at Thredup.

“We are a natural extension of the Kindermint brand as customers can now adopt online resale even further with the ability to shop and sell for themselves as well as their kids on thredUP,” he too added.

Thredup is the leading online shop to buy and sell like-new women’s and kids’ clothing, and publisher of the Annual Clothing Resale Report.

Co-Founders James Reinhart, Chris Homer and Oliver Lubin launched the company in Boston in 2009 and are backed by world-class investors.

Thredup claims it is disrupting the $30 billion secondhand clothing industry and inspiring a new generation of consumers to think secondhand first. (AR)

Fibre2fashion News Desk - India

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