Fashion
H&M is about to begin the sale of second-hand items: the fashion group will launch this new project on the Swedish website of subsidiary & Other Stories. Other brands and countries will follow.
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General
Second-hand chain Troc.com has been acquired by Happy Cash, a similar chain from France. The takeover should put Happy Cash in a stronger position internationally and digitally.
Electronics
BackMarket, a French start-up that wants to be a marketplace for refurbished smart phones, tablets and laptops, has secured a 41 million euro investment. The most famous new investor is Bernard Arnault, CEO of luxury group LVMH.
French clothing brand Petit Bateau added a new service to its app, which now allows customers to sell and buy second-hand clothing. Petit Bateau will manage the ads, but everything else is handled by the consumers themselves.
Starting next year, Samsung plans to sell refurbished versions of its own smartphones. Devices that get sent back to Samsung after their owner upgrades to the newest model will be used as a refurbished device.
