The move is more about marketing than finances. But it provides a good excuse to check in how the luxury resale player is adapting in a brutal marketplace for fashion start-ups and resale platforms alike.
With the acquisition, Vestiaire Collective and Tradesy will merge their teams and share company tools like technology in the luxury authentication space.
The CEO of Vestiaire Collective explains how old clothes bring new profits to an industry increasingly conscious of its need to become more circular and sustainable.
Pre-loved fashion is on the rise, as old clothes find new wearers via global technology platforms. What are the rewards and the risks of this resale revolution?
Investors are piling into the fast-growing resale space, with the European platform attracting high-profile backers like SoftBank in its latest funding round.
Vestiaire Collective’s chief executive Max Bittner opens up about the resale platform’s big deal with the French luxury group.
A new funding round has pushed the Paris-based resale site’s valuation above $1 billion. Kering’s involvement comes as brands race to secure a seat at the table in the online resale space.
Many resale platforms saw a rebound after the initial shock of the coronavirus outbreak — but can they sustain the momentum?
Sentimental commercials about how we’re all in this together are beginning to fall flat. There are other ways to reach consumers.
The company has closed its latest funding round in the throes of the coronavirus pandemic, suggesting resale is one area of luxury investors are optimistic about.
Vestiaire Collective’s Max Bittner and Depop’s Maria Raga discussed the opportunities and growing pains of the burgeoning resale market at VOICES 2019.
The companies cashing in on fashion’s fast-growing resale market are positioning themselves as a solution to the industry’s sustainability problems. But the reality is far more complex.
Spanish beauty and fragrance group Puig Brands SA shares rose after the company and its founding family raised €2.6 billion ($2.8 billion) in an initial public offering, in Europe’s biggest listing so far this year.
The former Public School and DKNY designer will launch the cap brand’s first apparel line.
Nordstrom shares rose 6 percent on the news, giving the company a market value of about $3.3 billion.
A double-digit decline was attributed to the brand’s distribution changes.
Spatch will debut on May 4 with a nine-piece collection of skin-perfecting products designed for professional and consumer use.
The Danish company, which makes more pieces of jewellery than any other in the world, said organic sales are projected to rise 8-10 percent this year.
Despite a brief uptick in sales, up 24 percent between 2021 and 2022, the brand’s growth has stalled.
The move comes as System owner Mike Obenson aims to turn what began as a bi-annual print title into a global media brand with a stronger digital offering.
