Squirrel Media SA (ES:SQRL) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Squirrel Media S.A. has acquired a 10.5% stake in GoTrendier, a leading second-hand fashion platform, through a €4.4 million capital increase, becoming its reference shareholder and a board member. This investment will fund GoTrendier’s expansion in the LATAM market, particularly Mexico and Colombia, with advertising campaigns managed by Squirrel Media. The acquisition aligns with Squirrel Media’s strategic objectives, enhancing its MediaTech sector leadership and expanding its investment portfolio, while supporting sustainable fashion and the circular economy.
For further insights into ES:SQRL stock, check out TipRanks’ Stock Analysis page.