Vinted snaps up Spain’s Chicfy

Lithuanian secondhand selling app Vinted has purchased its Spanish competitor Chicfy, FashionNetwork reports.

Vinted will not acquire any of Chicfy’s operations, teams or metadata in the transaction, said to be valued at under 10m according to the Spanish press. Rather, Chicfy will shut down its platform and users will be invited to move their profiles and wardrobes to Vinted.

Chicfy was reportedly hard hit when Vinted arrived in Spain a year ago, leading it to look for a buyer.