Platform Group AG Expands Luxury Segment with Acquisition of Joli Closet

The Platform Group AG, a leading software solution provider in the Consumer Discretionary sector, has made a strategic move to expand its luxury segment by acquiring a majority stake in the French luxury platform, Joli Closet. This acquisition marks a significant step in the company’s growth strategy, focusing on scaling and unifying its platform offerings.

Key Details of the Acquisition

  • Date of Acquisition: The acquisition was finalized on April 25, 2025, with the signing of a contract to purchase 50.1% of Joli Closet’s shares from the existing shareholders, who are a holding company owned by the founders.
  • Strategic Implications: This acquisition allows The Platform Group AG to tap into the booming market for second-hand luxury goods. By integrating Joli Closet, the company aims to leverage high scalability benefits and enhance its presence in the luxury e-commerce sector.
  • Financial Overview: As of April 24, 2025, The Platform Group AG’s stock was trading at 8.72 EUR, with a 52-week high of 10.4 EUR and a low of 7.12 EUR. The company’s price-to-earnings ratio stands at 1.26352, reflecting its market valuation.

Market Reaction and Future Outlook

The acquisition has been well-received by the market, with analysts viewing it as a strategic move to strengthen The Platform Group AG’s position in the luxury e-commerce space. The integration of Joli Closet is expected to provide significant scalability advantages and open up new revenue streams.

About The Platform Group AG

Based in Düsseldorf, Germany, The Platform Group AG operates an online shopping platform across various sectors, including shoes, fashion, bags, jewelry, machines, bicycles, real estate, pharmacy, dental, hairdressing, and automotive. The company connects partners with e-commerce opportunities across Europe. More information about their services can be found on their website, www.the-platform-group.com .

Conclusion

The acquisition of Joli Closet is a testament to The Platform Group AG’s proactive acquisition policy and its commitment to expanding its luxury offerings. This strategic move is expected to enhance the company’s market position and drive future growth in the luxury e-commerce sector.