MySize Inc. Acquires Key Assets of Percentil to Expand into Circular Fashion and Re-Commerce

Reuters
05-12
MySize Inc. Acquires Key Assets of Percentil to Expand into Circular Fashion and Re-Commerce

MySize, Inc., a leader in AI-driven retail solutions, has announced the acquisition of key assets from Percentil, a prominent managed marketplace for second-hand fashion. This strategic move marks MySize's expansion into circular fashion and re-commerce, aligning with upcoming EU regulatory requirements. The acquisition, valued at approximately €610,000, was financed through MySize's existing cash reserves and involves no new shares or debt. This venture is expected to boost MySize's revenues by $1.5 million in the latter half of 2025, representing a significant 25% increase. The acquisition allows MySize to introduce a B2B resale solution, enabling brands to monetize overstock and returns through Percentil's platform, thereby tapping into the growing demand for sustainable fashion solutions in Western Europe.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. My Size Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: LN85395) on May 12, 2025, and is solely responsible for the information contained therein.

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