UAE’s Best Kept Shared acquires BAZAARA
UAE’s Best Kept Shared acquires BAZAARA
- UAE-based e-commerce platform Best Kept Shared has acquired the UAE’s peer-to-peer (P2P) fashion resale platform BAZAARA for an unknown amount.
- Founded in 2023 by Kelly Power and Sophie Kjøller, Best Kept Shared is a P2P fashion rental and resale platform. Meanwhile, BAZAARA, founded in 2021 by Alyssa Mariano, is a P2P fashion resale platform, allowing individuals to buy and sell pre-owned clothing and accessories.
- The acquisition will integrate BAZAARA’s network with Best Kept Shared’s existing infrastructure, providing customers with a broader range of options for buying, selling, and renting fashion items.
Press release:
Best Kept Shared, Dubai’s leading designer lending, rental and resale platform – announces its acquisition of BAZAARA, the region’s largest peer-to-peer fashion resale platform. This strategic acquisition marks a significant milestone in the evolution of the sustainable fashion industry in the UAE, combining the strengths of two leading platforms to offer a comprehensive solution for fashion enthusiasts.
Best Kept Shared is at the forefront of the designer fashion rental market, offering a curated selection of designer clothing and accessories for rent and resale, like Airbnb but for luxury fashion. The platform provides its users with access to the coolest closets in the city. By acquiring BAZAARA, Best Kept Shared aims to expand its user base, leading to a larger inventory for its users.
BAZAARA, known for its robust and first-to-market peer-to-peer resale marketplace, has been instrumental in promoting circular fashion within the region. The platform empowered individuals to buy and sell pre-loved fashion items from each other, fostering a community-driven approach. The acquisition will integrate BAZAARA’s extensive network with Best Kept Shared’s existing infrastructure, providing customers with an even broader range of options for buying, selling, and renting high-quality fashion items.
Co-founders of Best Kept Shared, Kelly Power and Sophie Kjøller, expressed excitement about the acquisition. “This acquisition is a significant milestone in our journey to revolutionise the luxury fashion industry, expanding our market reach and helping more women to access luxury fashion without the designer price tag or environmental impact.”
The acquisition aligns with the growing global trend towards sustainable fashion, where consumers are increasingly seeking environmentally friendly and socially responsible alternatives to traditional retail. With this merger, Best Kept Shared poised to become the go-to platform for fashion enthusiasts in the UAE and beyond, offering a unique blend of luxury and accessibility.
“We are thrilled to be joining Best Kept Shared in this exciting venture. Our shared vision for promoting sustainable fashion and empowering our communities aligns perfectly,” said CEO of BAZAARA, Alyssa Mariano. “This partnership will allow our users to continue on their resale fashion journey while also having the option of renting and lending.”
As the integration process begins, BAZAARA will transition its users to Best Kept Shared, ensuring a smooth transition.
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