Vestiaire Collective announced a new funding round. The company has raised $216 million, or €178 million — it has reached a valuation above $1 billion, making it a unicorn. French fashion and luxury group Kering is leading the round with Tiger Global Management. Kering now owns 5% of Vestiaire Collective. The startup operates an online marketplace […]
Buying and selling ‘preowned’ luxury goods is booming, in part driven by the ethical argument
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Luxury Resale: A Secondhand Strategy for Luxury Brands
The takeaway isn’t just that luxury and secondhand resale are newly compatible; it’s that resale has the potential to alter the entire fashion industry for the better.
What Does Kering's Deal With Vestiaire Collective Mean for
The luxury resale market is booming, but designer brands have been reluctant to embrace the secondhand trend. That attitude might be changing with Gucci owner Kering investing in an online resale platform.
Luxury brands' future is in shoppers' closets – DW – 03/16/2021
Count on these secondhand websites to find authenticated resale and used designer bags from fashion’s favorite luxury brands.
The 14 Best Places to Buy Used Designer Bags, According to Experts
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The second-hand luxury market is growing: by 2020, it will be worth 28 billion euros worldwide, according to a report by Bain & Company. The multiplication of platforms and the creation of dedicated spaces in stores has accelerated the trend.
Pre-owned luxury: from the internet to department stores #301
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In a move to end the distribution of fast fashion, the Paris-based company announces it will ban specific brands from the site.
To Address Overconsumption Vestiaire Collective Bans Fast Fashion
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