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Old April 23, 2016, 10:11 AM
Dien Rice Dien Rice is offline
Onwards and upwards!
 
Join Date: Aug 2006
Posts: 3,358
Default Millions in moolah from pre-loved clothing...!

It sounds unbelievable...

But various companies are raising tens of millions of dollars from venture capital firms - to sell second-hand clothing!

I've only had a quick look - but these seem to be consignment companies. The idea is, you send them your second hand clothes, they sell them for you, and take a cut...

It's big business...

Some are literally making millions by doing this...

More information here...

Used clothing is the hottest thing in retail right now -- and one company has an additional $25 million to prove it
http://www.businessinsider.com/resel...h-world-2016-4

Does anyone have any more information on how this works?

Best wishes,

Dien
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