Vinted turns first profit as second-hand fashion remains on trend

Thomas Plantenga, Vinted’s chief executive, said second-hand fashion remained a “tiny” proportion of the market but that the firm was in a strong position.

As well as expanding into new markets, including Denmark, Finland and Romania, Vinted had also accelerated the development of its delivery service Vinted Go, he said.

“We see many opportunities ahead, so we’ll continue to balance profitability against investment opportunities to accelerate towards our mission,” Mr Plantenga said.

He added that enabling customers to sell to each other would help “mitigate the harm of the fashion industry”.