Looking to the future of sustainable fashion, Carousell Group has announced it acquisition of local fashion retailer Refash.
The latter is one of the largest thrift fashion platform in Singapore, boasting 10 physical stores across the island as well as an online store.
Founded in 2015 by Aloysius Sng, Refash built its business by selling secondhand fashion bought from sellers in Singapore. It offers pre-loved womenswear, menswear, activewear and more from fast fashion brands and local labels.
Refash’s success can be credited to the convenience that it provides to secondhand fashion sellers, who can simply drop off their unwanted clothes at Refash stores or arrange for a courier to pick them up. They are then paid accordingly for their items, depending on factors including its brand, condition and how trendy it is.