According to Bloomberg, Goat Group, Inc., which operates Goat and Flight Club, has agreed to acquire Grailed, the peer-driven resale marketplace for men’s luxury, streetwear, sneakers and vintage fashion.
In the report, Grailed will continue to operate as a brand but integrate Goat’s operations infrastructure, including shipping and payments.
Terms were not disclosed.
In September 2021, Grailed announced that it closed a Series B funding round of $60 million, which Goat Group led.
Other investors include Groupe Artémis, the holding company of the Pinault family; Gucci CEO, Marco Bizzari; and existing investors, Thrive Capital and Index Ventures.
Photo courtesy Grailed