Vestiaire Collective news and archive

Chloé enables products to be traceable and resale-ready

French fashion house Chloé is introducing what it calls a “new chapter of transparency for luxury” by enabling its products to be fully traceable and resale-ready, an initiative that it adds is “a first in the industry”. Dubbed the “Vertical” project, the innovative digital ID system features technology powered by EON, and allows users to scan...

Business

Vestiaire Collective names two new c-suite execs

Luxury resale platform Vestiaire Collective has announced the appointment of two new c-suite executives to its leadership team. Samina Virk will be joining the company as CEO North America with the task of driving its expansion in the region. Virk has already worked alongside Vestiaire Collective before, serving as the company’s US president and...

Fashion

Vestiaire Collective partners with Courrèges on resale rewards scheme

Resale platform Vestiaire Collective has unveiled a new partnership with Courrèges which will see resellers be rewarded for prolonging the life of the luxury brand’s clothing. Through the partnership, Vestiaire Collective hopes to uncover the best pre-loved items from all eras of the French house, while also promoting more responsible fashion....

Business

Vestiaire Collective secures 75-million-euro sustainability-linked revolving credit facility

Luxury fashion resale platform Vestiaire Collective has signed a 75-million-euro sustainability-linked revolving credit facility (RCF) from Crédit Agricole CIB, Société Générale, HSBC Continental Europe, Bank of America and Goldman Sachs. The facility has an initial term of three years, which can be extended by two years. While Crédit Agricole...

Business |Interview Featured

Vestiaire Collective co-founder Sophie Hersan: Gen Z enters luxury consumerism with secondhand

The second hand market is booming and, especially with the current price increases, offers a cheaper and more cycle-oriented alternative for consumers. But it can also offer more than that, says Sophie Hersan, the co-founder of resale platform Vestiaire Collective. In the age of the internet, filled with fashion drops and the hype of...

Fashion Featured

Resale platform Vestiaire Collective to stop selling fast fashion items

Second-hand fashion giant Vestiaire Collective has announced it will ban all fast fashion products from its platform from November 22 ahead of Black Friday. The Paris-based company said the move is part of its “mission to drive collective change towards a circular fashion economy”, and “reinforces the notion of buying quality over quantity and...

Fashion Featured

Vestiaire Collective reveals how it identifies counterfeits

Counterfeiting has infiltrated many channels in the luxury sector, including on re-sale platforms. The wide availability of fake goods has forced brands to tackle issues of transparency, with luxury pre-owned retailer Vestiaire Collective this year publishing its first Trust Report 2022. The report gives insight into the company’s 13 years of...

BusinessFeatured

Resale market has tripled in two years, according to new report

A joint report by Boston Consulting Group (BCG) and resale platform Vestiaire Collective has cemented the impact of the secondhand fashion and luxury market as it appears to only continue going upwards. According to the duo’s report, ‘What an Accelerating Secondhand Market Means for Fashion Brands and Retailers’, the estimated value of the...

Fashion

Arizona Muse holds closet sale on Vestiaire Collective

Supermodel and sustainability activist Arizona Muse has teamed up with Vestiaire Collective to host a closet sale to raise money for her charitable organisation Dirt, which works to regenerate soil around the world. Muse’s sale includes more than 100 items from her wardrobe, including luxury bags from Dior, Prada, and Celine, as well as shoes,...

Business

Mytheresa and Vestiaire Collective expand resale partnership to US

A second-hand fashion service by luxury e-tailer Mytheresa and resale platform Vestiaire Collective has been expanded to the US market following its initial launch in Europe last year. The tie-up allows Mytheresa customers to use a dedicated web interface to sell their second-hand items, the process of which is run by Vestiaire Collective....

Business

Vestiaire Collective starts localised service in South Korea

French secondhand fashion retailer Verstiaire Collective is now offering secondhand fashion items to customers in South Korea via a new, fully localised service, which is the fourth of its kind, following successful launches in Australia, Singapore and Hong Kong. This move allows South Korean consumers to buy from the existing global catalog...

Fashion Featured

LuisaViaRoma enters resale market in partnership with Vestiaire Collective

LuisaViaRoma is launching a resale platform in partnership with second-hand luxury e-tailer Vestiaire Collective. The Italian fashion company will enable customers to sell pre-loved clothing from over 40 of its luxury brands, including Balenciaga and Dior, in exchange for gift cards that can be used within the online store. The initiative will...