Miki Morita

On April 27, Vinted, a leading player in Europe’s resale market, was reported to have reached a valuation of €8 billion. The milestone comes on the back of an approximately €880 million share transaction led by EQT. However, this transaction differs from a typical fundraising round. Rather than raising new capital, it is a secondary sale in which existing shareholders and long-serving employees sell their shares to generate liquidity.

The New York-based labor union The NewsGuild of New York and Condé United have issued an official statement addressing the latest round of layoffs at Condé Nast. The cuts reportedly affected 16 employees across Self, Glamour, and Condé Nast Entertainment (CNE). According to the union, a total of 33 employees have been laid off over the past five months, signaling a continued wave of workforce reductions in a short period.

Global lingerie leader Victoria’s Secret has announced a nationwide open casting initiative for its 2026 Fashion Show, offering selected participants a chance to walk the runway and secure a contract with IMG Models. Applications opened on April 6 via victoriassecret.com and will close on May 28, 2026. The initiative marks a significant strategic shift for the brand, moving away from traditional model agency pipelines toward direct talent discovery.