Vinted Isn’t Minted to the Tune of $9.2 Billion

Vinted Isn’t Minted to the Tune of .2 Billion



Vinted Isn’t Minted to the Tune of $9.2 Billion
Generation-Z youngsters are under pressure from rising costs of everything from food to housing, as well as competition from artificial intelligence for their jobs. Second-hand clothing platform Vinted provides a useful hedge against those strains, which are prompting them to cut back on $6 lattes and casual meals and could soon be coming for beauty and fast-fashion spending. But a mooted share sale valuing the Lithuania-based company at about €8 billion ($9.2 billion), according to the Financia


www.bloomberg.com
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