Vestaire Collective is buying the Virgin-backed luxury fashion marketplace in a bid to increase its presence in a growing US market.

US-based luxury fashion marketplace Tradesy agreed on Tuesday to be acquired by luxury fashion e-commerce platform Vestaire Collective for an undisclosed sum, allowing conglomerate Virgin Group to exit. Founded in 2009, Tradesy operates an online peer-to-peer platform where users can buy and sell luxury items. The combined company is set to oversee a catalogue of…

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