Vinted recently completed a significant share sale to fuel its expansion beyond clothing, raising £282.96m.The share sale was led by TPG and included several major investment funds, valuing Vinted at £4.16bn.CEO Thomas Plantenga sees the sale as a validation of Vinted’s growth and opportunity in the global second-hand market.The funds will support Vinted’s move into consumer electronics, books, toys, and games, aiming to make second-hand first choice worldwide.New investors bring expertise that Vinted hopes will aid this next phase of growth, also rewarding staff and early investors.Vinted, the online marketplace known for second-hand clothing, has completed a secondary share sale…
Author: Sam Allcock
Sam Allcock
Sam Allcock is a seasoned entrepreneur and passionate storyteller with a keen eye for emerging trends and viral phenomena. With over a decade of experience in the business world, Sam has successfully launched several startups that blend innovation with creativity. At 88com.net, he brings his expertise in curating compelling content that captures the zeitgeist of our digital age. When he's not exploring the latest trends, Sam enjoys connecting with his audience and sharing insights that inspire and inform. Join him on a journey through the stories that are shaping our world today!
Vinted has successfully completed a significant share sale, aiming to broaden its focus beyond clothing.The company raised £282.96 million, with TPG spearheading the investment, and other notable investment funds participating.This move by Vinted is part of its larger goal to explore new categories such as electronics and books.CEO Thomas Plantenga emphasised the company’s vision to prioritise second-hand alternatives globally.The share sale also recognises the contributions of staff and early investors to Vinted’s growth.Vinted, the renowned online marketplace, recently concluded a £282.96 million secondary share sale. This significant transaction was largely financed by private equity giant TPG, among others, and positions…
Apple shares experienced a notable decline, coinciding with a strategic reduction in its iPhone 16 orders by 10 million units. This decision has sparked widespread discussion within the investment community.Apple’s decision to reduce iPhone 16 production by 10 million units has sent ripples throughout the tech industry. This reduction affects production schedules for the latter part of 2024 and the first half of 2025. Such a substantial decrease underscores potential concerns about market demand and the competitive landscape Apple navigates.The Vision Pro line is under scrutiny as Apple announces plans to curtail production. The current expensive model, priced at $3,500,…
John Lewis Oxford Street showcases its newly revamped store after a substantial investment, promising a refreshed shopping experience.The department’s beauty hall expands by 25%, accommodating 175 brands, including Dior and Clinique.The jewellery space has relocated, offering services like piercing and jewellery welding from Tish Lyon.Introduction of new home department brands and the opening of a Waterstones bookshop highlight significant enhancements.John Lewis aims to deliver exceptional quality, service, and prices with these improvements.John Lewis, a prominent retailer, recently unveiled its extensively modernised Oxford Street flagship after investing £6.5 million. The store aims to offer a rejuvenated shopping experience with these considerable…
Cryptocurrency markets remain a dynamic field, consistently offering avenues for substantial returns. Each month presents potential opportunities where certain coins may achieve unprecedented peaks.This November, investors’ attention is captivated by three digital currencies expected to set new benchmarks, driven by strategic developments and market sentiment. The subsequent sections delve into these promising cryptocurrencies, outlining the factors contributing to their potential rise.Bitcoin, the pioneering cryptocurrency, maintains its position as a market leader, continually gathering momentum. The introduction of Bitcoin ETFs has significantly contributed to this momentum, with the potential of BTC reaching $70,000 soon.Additionally, Dogwifhat’s impressive 1400% year-to-date rise offers promising…
Binance Coin (BNB) is under the spotlight as the cryptocurrency market anticipates its performance this Halloween. Investors and traders are keen to see whether BNB can rise amidst a market filled with uncertainties.In the past year, BNB has made significant gains, rising by over 150%. As Halloween approaches, the question on everyone’s mind is whether it can reach new heights or settle at a stable position.Current Market PerformanceBNB is currently experiencing a slight uptick in its trading price. As of the most recent data, Binance Coin was priced at around $587.49, reflecting a 1.27% increase within 24 hours. Despite this,…
John Lewis has announced a significant £800m investment to enhance customer experiences in its stores.A key component of this plan includes the renovation of the Oxford Street flagship store and others in High Wycombe and Cheadle.The investment aims to modernise beauty halls, introduce new brands and collaborations, and expand service offerings.Technological advancements, such as mobile payment and ship-from-store options, are also part of the revamp.The Oxford Street store is positioned as a testing ground for these innovations, with further rollouts planned.John Lewis has committed to a substantial £800m investment over the next four years aimed at revitalising its retail spaces…
Gymshark unveils ‘Twists ‘n’ Sets’, a unique pop-up salon in East London for Black History Month.Open from 25-27 October, it offers a new inclusive space for textured hair and fitness needs.Visitors can book personalised sessions with hair experts and shop specialised products.The aim is to reduce fitness barriers linked to hair maintenance, specifically for black women.All salon appointments are already fully booked, reflecting high demand.Gymshark is set to launch ‘Twists ‘n’ Sets’, a temporary hair care space in East London, focusing on inclusivity and accessibility. This event coincides with Black History Month, highlighting important cultural contributions while addressing unique hair…
Russia is strategically pioneering a shift away from the US dollar dominance in its trade mechanisms. This initiative, introduced at the 2024 BRICS Summit, focuses on the use of precious metals to drive this transformation.The move aligns with BRICS’ broader objective of achieving a de-dollarized economic landscape, allowing member nations to trade more autonomously. With a foundation set for a new trading platform, Russia is spearheading this effort to reshape global financial interactions.Unveiling Russia’s De-Dollarization StrategyIn a bold move to reshape international trade, Russia unveiled its initiative to move away from the reliance on the US dollar. This strategy, highlighted…
Educating and empowering the younger demographic is at the heart of Thames Valley Police’s latest initiative.The campaign, in collaboration with TMC and activist Lisa Squire, addresses non-contact sexual offences.Targeting 18 to 24-year-olds, it highlights the seriousness of crimes such as exposure and voyeurism.Utilising personal stories, the campaign strives to change perceptions and encourage reporting.Strategic insights and audience research were key to developing this impactful campaign.Thames Valley Police, in conjunction with Cheshire agency TMC and campaigner Lisa Squire, has launched a campaign aimed at educating and empowering young victims of non-contact sexual offences. This initiative was conceived to coincide with Freshers’…