{"id":1159802,"date":"2022-10-13T14:07:14","date_gmt":"2022-10-13T19:07:14","guid":{"rendered":"https:\/\/www.snkrsday.com\/?p=1159802"},"modified":"2022-10-13T14:08:00","modified_gmt":"2022-10-13T19:08:00","slug":"goat-acquiring-grailed","status":"publish","type":"post","link":"https:\/\/www.snkrsday.com\/goat-acquiring-grailed\/","title":{"rendered":"GOAT Group Inc. is Acquiring Grailed"},"content":{"rendered":"\n<p>GOAT Group Inc. (which oversees <a href=\"\/tag\/goat\" target=\"_blank\" rel=\"noreferrer noopener\">GOAT<\/a> and Flight Club) is growing as the sneaker resell platform is set to acquire Grailed, according to a report by <em><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-10-13\/sneaker-marketplace-goat-group-acquires-grailed-in-hot-fashion-resale-space\" target=\"_blank\" rel=\"noreferrer noopener\">Bloomberg<\/a><\/em>.<\/p>\n\n\n\n<p>Grailed, the peer-driven platform for apparel resell, will still operate as its own brand but will integrate GOAT&#8217;s operations infrastructure such as shipping and payments, <em>Bloomberg<\/em> reports. Financial terms of the deal, however, weren&#8217;t disclosed.<\/p>\n\n\n\n<p>The latest move by GOAT Group is a continuation of the company&#8217;s expansion in the global e-commerce market of clothes, sneakers, and accessories.<\/p>\n\n\n\n<p>Over the last year, GOAT Group opened retail and warehouse facilities in Singapore, Tokyo, and Shenzhen, China, over the past year.&nbsp;Earlier in the spring, the company also announced a <a href=\"https:\/\/www.snkrsday.com\/goat-pair-saint-germain-sponsorship\/\" target=\"_blank\" rel=\"noreferrer noopener\">deal with Paris Saint-Germain<\/a>, the French Nike and Jordan Brand-sponsored football club, to release merch on the platform and even don the GOAT brand on the team&#8217;s jersey sleeves.<\/p>\n\n\n\n<p>For GOAT Group, the acquisition is another piece of the puzzle. <\/p>\n\n\n\n<p>\u201cWe\u2019ve been continuing to see growth across our businesses,&nbsp;especially in apparel and accessories, which have doubled the past 12 months,\u201d said Eddy Lu, co-founder and CEO of GOAT Group. \u201cWhen you\u2019re looking to accelerate growth even further, that\u2019s when consolidation makes sense.\u201d<\/p>\n\n\n\n<p>Stay tuned to Snkrs Day for more industry news. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>GOAT Group Inc. (which oversees GOAT and Flight Club) is growing as the sneaker resell platform is set to acquire&hellip;<\/p>\n","protected":false},"author":328301,"featured_media":1159817,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[1256887],"cultivate_rss":[],"class_list":{"2":"type-post"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.0 (Yoast SEO v24.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GOAT Group Inc. is Acquiring Grailed | Snkrs Day<\/title>\n<meta name=\"description\" content=\"Moves are being made in the resale industry as Goat Group Inc. is acquiring Grailed. 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