Sébastien Fabre is the chief executive of Vestiaire Collective, a curated global marketplace for the re-sale of verified luxury fashion goods, founded in 2008.
Uniquely for re-commerce site, Fabre requires and ensures that all merchandise on the site is both on trend, desirable and in perfect condition for the site's 700,000 users, who have made over 2.5 million social interactions and mentions of Vestiaire Collective. The site grants total freedom to its community members to converse and give peer-to-peer reviews and leave comments on products proposed for sale by other members.
In September 2013, it was announced that Condé Nast had acquired a stake in Vestiaire Collective, leading a round of funding totalling $20 million, with the participation of venture capital firms Balderton, Ventech and Idinvest Partners. Moritz von Laffert, vice-president of Condé Nast International said that Vestiaire Collective’s business had been doubling each year since it was founded in 2009. In 2012, the site made €18m in revenues, taking a commission of as much as 33 percent on each item sold, depending on the price.
Fabre said at the time: “the legitimacy and the credibility of Condé Nast” would help Vestiaire Collective “create the most inspiring social shopping experience."
Fabre’s background is in strategy and business development. Prior employers have included Vivendi, Microsoft, and Trader Classified Media. The executive also has experience in tech start-ups, having run NetClub, before its sale to Match.com.