Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Pre-loved children’s clothing marketplace, Cress, receives six-figure cash injection to grow and expand down under

by June 7, 2023
June 7, 2023
Pre-loved children’s clothing marketplace, Cress, receives six-figure cash injection to grow and expand down under

A new online marketplace, dedicated to buying and selling pre-loved clothing for children, has received an investment of £150,000 to unlock its plans for growth.

Just three months since launch, Cress is expanding to create more opportunities for customers to buy and sell pre-loved, with new categories being launched for accessories and premium brand clothing.
The investment will also enable Cress to partner with sustainable clothing brands and introduce ‘Sustainable New’ options to purchase. By the end of the year, the business is predicting a growth trajectory of 4x its current value to bring its total to around £2.5m.
With the UK marketplace thriving, Cress is also turning its attention to international territories and is set to launch Cress Australia and New Zealand in Autumn 2023.
This will include the platform’s unique ‘Golden Service’ subscription, which removes the hassle of selling by providing a postal bag for parents to fill and return. The service has proven popular, with 17 bag requests being made within just one day.
To continue its growth, Cress is now looking to enhance its position as a  community-created platform with a crowdfunding campaign and a Facebook group. The group will focus on connecting parents with each other and free educational events happening across the UK.
Carl Morris, Co-founder of Cress, commented: “As a start-up, securing investors who believe in the vision you have for your company is vital in order to make it a reality. At Cress we aim to create a community for like-minded parents to think and shop more sustainably and create a better future for our children. The investment we’ve received has already increased the company’s value by 57% and has played a key role in completing our expansion into Australia and New Zealand.
“Being able to build upon our strong community and customer base is a core objective for Cress and it’s amazing that less than a year after our UK platform went live, we will bring our sustainable and community values to a global market. We hope it will enable more people to think more sustainably when buying clothes. With numerous plans in place to grow our offering in our first year, we’re looking forward to the months ahead.”

 

Read more:
Pre-loved children’s clothing marketplace, Cress, receives six-figure cash injection to grow and expand down under

0
FacebookTwitterGoogle +Pinterest
previous post
Ringover raises €20M to revolutionise sales performance and customer satisfaction
next post
Blackburn calls for federal internet privacy standard as concerns about online AI use soar

You may also like

Royal Mail expands parcel locker network with Yeep!...

August 5, 2024

Electric cars drive UK MG sales to more...

October 16, 2023

Asda’s grocery market share slips as Chairman Lord...

August 14, 2024

Why Human Resource Management Is Crucial for Foreign...

January 20, 2025

Four-day working week requests to come ‘flooding in’ 

March 27, 2023

An agency’s top tips on advertising for a...

February 19, 2024

Judicial Crisis in Uzbekistan: The International Community Watches...

March 17, 2025

The Importance of Speed in PR: A Wake-Up...

July 8, 2024

Only a quarter of companies expect staff in...

December 15, 2023

Amazon unveils ‘leap forward’ in robotics with Vulcan,...

May 7, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Musk feud presents ‘unprecedented’ dynamic compared to past Trump disputes: expert

      June 7, 2025
    • Snub of Musk’s NASA nominee ally preceded sudden ‘big, beautiful bill’ criticism, Trump feud

      June 6, 2025
    • Supreme Court rules DOGE can access Social Security information

      June 6, 2025
    • US sanctions money laundering network aiding Iran as regime faces nuclear reprimand at IAEA

      June 6, 2025
    • From Tariffs to Tech: Where Smart Money’s Moving Right Now

      June 6, 2025
    • Your Weekly Stock Market Snapshot: What It Means for Your Investments

      June 6, 2025

    Categories

    • Business (8,149)
    • Investing (2,019)
    • Politics (15,556)
    • Stocks (3,134)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved