Back to today’s briefing

Story perspectives

Platform Group Acquires Joli Closet, Taps €40B Luxury Market

4/25/2025

43 10

Summary

Story summary

The Platform Group AG is making waves in the luxury market by acquiring a 50.1% stake in Joli Closet, a Parisian platform for pre-owned luxury goods. This strategic move unlocks a staggering €40 billion global market, set to close in June 2025, and promises to elevate The Platform Group's luxury division while expanding its vintage offerings.

1 of 1

Story summary

The Platform Group AG is making waves in the luxury market by acquiring a 50.1% stake in Joli Closet, a Parisian platform for pre-owned luxury goods. This strategic move unlocks a staggering €40 billion global market, set to close in June 2025, and promises to elevate The Platform Group's luxury division while expanding its vintage offerings.