The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The Munich-based e-tailer is the latest luxury player to seek to tap into the fast-growing resale market, with a new service to help its top clients sell pre-loved items on Vestiaire in exchange for store credit launching Wednesday.
The initial service will apply to handbags from a list of 20 luxury designers and will only be available in Europe, but the companies said they were committed to roll out the service to a wider array of customers, product categories and brands by the end of the year.
The partnership will establish a dedicated interface for eligible MyTheresa customers. They will benefit from direct price quotes and will receive store credit as soon as the item is quality checked and authenticated, rather than waiting for it to be sold. A dedicated team is being established to support customers.
The move comes after Alexander McQueen launched a similar service with the Paris-based resale platform earlier this year. In March, the brand’s parent company, Kering acquired a 5 percent stake in the company.
The Coach owner’s results will provide another opportunity to stick up for its acquisition of rival Capri. And the Met Gala will do its best to ignore the TikTok ban and labour strife at Conde Nast.
The former CFDA president sat down with BoF founder and editor-in-chief Imran Amed to discuss his remarkable life and career and how big business has changed the fashion industry.
Luxury brands need a broader pricing architecture that delivers meaningful value for all customers, writes Imran Amed.
Brands from Valentino to Prada and start-ups like Pulco Studios are vying to cash in on the racket sport’s aspirational aesthetic and affluent fanbase.