Vestiaire Collective news and archive

Vestiaire Collective: “Our world cannot afford fast fashion”

“The idea that fast fashion is more affordable is simply wrong” - this is the conclusion of new research by Vestiaire Collective. The French resale platform published its ‘Circularity Report 2024’ last week. The company's third annual impact report shows the results of a joint study with carbon tracking software Vaayu. A consumer survey with...

Fashion

Vestiaire Collective launches new charity celebrity closet sale with Jessica Chastain

Luxury resale platform Vestiaire Collective has announced its latest celebrity closet sale with Academy Award winner and producer Jessica Chastain and her stylist Elizabeth Stewart. Part of the global secondhand platform's growth strategy for the US, the announcement comes not long after Vestiaire Collective introduced 0 percent commission fees...

Business

Reaching for a million: Vestiaire Collective launches crowdfunding

Vestiaire Collective has launched a crowdfunding campaign with the goal to raise at least one million euros. In return, investors will receive shares, the French resale platform announced on Tuesday. Company shares were already issued to employees a year ago. "Thanks to our continued success, 2024 will be a decisive year," said Maximilian...

Business |Interview Featured

Sellier founder on resale’s rising detachment from fast fashion

Last week, Vestiaire Collective took its stance on fast fashion one step further. The Parisian resale platform extended its ban on clothing from the category to now cover over 30 brands, with the likes of Zara, H&M, Urban Outfitters and Gap among those newly blacklisted. The move followed a similar ban initiated by the company in 2022, and built...

Business

Vestiaire Collective cuts out H&M, Zara and more in expanded fast fashion ban

Second-hand resale platform Vestiaire Collective has said that it will be expanding its ban of fast fashion in a bid to further its efforts of tackling waste in the industry. While in 2022, the ban impacted the likes of Boohoo, Pretty Little Thing, Asos and Shein, now the company will also be permanently banning Gap, Zara, Urban Outfitters,...

Fashion Featured

Burberry launches resale with Vestiaire Collective

British heritage brand Burberry is teaming up with global resale platform Vestiaire Collective to offer customers in the UK and the US a new way to trade in their pre-loved Burberry pieces. In a statement, Burberry said that customers will be able to trade in their pre-loved Burberry women’s outerwear and handbags on the Burberry x Vestiaire...

Business

Vestiaire Collective names new head of global communications

Luxury resale platform Vestiaire Collective has announced the appointment of Lauren Picciano as its new head of communications, a role she will assume from the company’s New York office. Reporting to global chief marketing officer, Marie-Christin Oebel, Picciano has been tasked with overseeing the global team strategising brand communications...

Fashion Featured

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...