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Sneaker Reseller Goat Set to Acquire Streetwear Site Grailed
Deal is part of increasing consolidation in resale, following Poshmark being acquired.
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Sneaker marketplace Goat Group Inc. is set to acquire streetwear-resale site Grailed to expand deeper into the apparel business.
Grailed, a peer-to-peer fashion site, will continue to operate under its own brand and will integrate Goat’s operations infrastructure, including shipping and payments. Financial terms of the deal weren’t disclosed.