maybe it's exit for venture capitalists and the buyer will be an equity firm. it was quite significant investment though $70M+30M+30M.
IDK, maybe Vestiaire collective can absorb them, they always wanted to expand in US (it's French company with most of their business in EU).
two biggest cosigners in the market are Realreal and Fashionphile. maybe Fashionphille given that they are doing well and are located nearby in CA.
VC makes sense as Tradesy is more in line with their model than the other two.
I was also wondering about VC, since it is the most similar business that I could think of. It is also similar in poor customer service and questionable designer authentication

A business like Fashionphile occurred to me as well, but don't they only sell designer brands? Though maybe that could be part of the reason for the big sell-off now; clearing out the other brands? I know the RealReal sells many brands though.