About Vestiaire Collective
Vestiaire Collective owns and operates an online platform that allows users to buy and sell pre-owned luxury fashion products. The company’s platform allows users to buy and sell shoes, clothing, accessories, jewelry, bags, and watches for men, women, boys, and girls. It also lists lifestyle products such as design and decoration, arts and culture, sports and leisure, and high-tech products, as well as pet accessories. Vestiaire Collective was founded in 2009 and is based in Paris, France.
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Research containing Vestiaire Collective
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CB Insights Intelligence Analysts have mentioned Vestiaire Collective in 6 CB Insights research briefs, most recently on May 2, 2022.
Expert Collections containing Vestiaire Collective
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Vestiaire Collective is included in 4 Expert Collections, including E-Commerce.
Unicorns- Billion Dollar Startups
Tech-enabled companies launching new luxury brands, as well as startups providing tech solutions to the luxury industry, including e-commerce tools, marketing, and more. While these companies may not exclusively target luxury companies, they have notable luxury partners.
A16Z Marketplace 100 (2021)
The a16z Marketplace 100 is a ranking of the largest consumer-facing marketplace startups and private companies created by venture firm, Andreessen Horowitz.
Latest Vestiaire Collective News
Nov 29, 2022
Retail in Asia Source: Vestiaire Collective Vestiaire Collective has banned fast fashion brands from its platform, starting this month. Coinciding with the new, Vestiaire Collective is partnering with The Or Foundation to fight fashion waste, a strategic move in Vestiaire Collective’s long-term mission to change the way people consume fashion and drive collective change towards a circular fashion economy. By banning fast fashion brands from the platform, the company has reinforced the notion of buying quality over quantity and encourages consumers to invest in craftsmanship at better prices. “Fast fashion has no value, and even less in resale,” said Dounia Wone, Vestiaire Collective’s Chief Impact Officer. “We’ve taken this step because we don’t want to be complicit in this industry which has a tremendous environmental and social impact. The current system encourages overproduction and overconsumption of low quality items and generates huge amounts of fashion waste.” This action is the latest step in Vestiaire Collective’s mission to transform the fashion industry. As part of a three-year plan, the resale platform will enlist the expertise of an external agency to create a robust set of fast fashion criteria including low product quality, working conditions and carbon footprint. All brands that fit the criteria will subsequently be banned from the site. Source: Vestiaire Collective In tandem with this announcement, Vestiaire Collective is undertaking further actions against fashion waste, by raising awareness and lobbying for change. In October 2022, The Or hosted a team of Vestiaire Collective employees on an exploratory trip to Kantamanto in Ghana, the largest reuse and upcycling economy in the world. Roughly 15 million garments flow through the Kantamanto market every week. Of what is unbaled, 40 percent of items leave the market as waste, causing environmental devastation and plunging second-hand retailers into debt. This trip underlined the importance of taking immediate, radical action around fast fashion. To ensure that this ban doesn’t push the responsibility of managing waste onto Kantamanto, Vestiaire Collective is committed to finding and promoting practical solutions for the fast fashion items that its members already have. This includes wearing, repairing, recycling, upcycling, and constructive donation strategies. This November, Vestiaire Collective hosted a delegation of retailers, campaigners and innovators from The Or Foundation in Paris. Members met with leading industry figures, policymakers and organizations within the circular fashion movement, while lobbying for change at a governmental level. The aim was not only to raise awareness, but to support incoming legislation around Extended Producer Responsibility. Related
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Vestiaire Collective Frequently Asked Questions (FAQ)
When was Vestiaire Collective founded?
Vestiaire Collective was founded in 2009.
Where is Vestiaire Collective's headquarters?
Vestiaire Collective's headquarters is located at 255 boulevard Pereire, Paris.
What is Vestiaire Collective's latest funding round?
Vestiaire Collective's latest funding round is Series I.
How much did Vestiaire Collective raise?
Vestiaire Collective raised a total of $664.45M.
Who are the investors of Vestiaire Collective?
Investors of Vestiaire Collective include Eurazeo, Conde Nast, Bpifrance, Korelya Capital, Fidelity International and 15 more.
Who are Vestiaire Collective's competitors?
Competitors of Vestiaire Collective include Poshmark and 7 more.
Compare Vestiaire Collective to Competitors
Clothing Swap gives users te opportunity to gather together in a social environment where they relax, mingle, get pampered and then SWAP (exchange) clothing, shoes and accessorie and augment these clothes at certain events. Such events simultaneously raise awareness of and donate to charitable organizations that benefit women and families in need. Clothing Swap attempts to spread it's vision of "Fun, Fashion and Philanthropy."
Shop Hers is an luxury marketplace dedicated exclusively to pre-owned designer fashion. The company curates its community to guarantee authenticity & quality.
LePrix is an online exchange where fashionistas can sell, swap, and shop for clothing and accessories. The company's items include secondhand designer clothes, vintage handbags, and gently used brand name shoes.
Vinted is an eCommerce platform that allows users to buy and sell clothes from their closets. The company also operates Kleiderkreisel, a second-hand marketplace that lets people sell, swap, and gift unwanted clothing. The company offers real-world marketplaces, organized so people can meet in person and swap their clothes.
Rebag is a fashion eCommerce startup that purchases designer handbags from individual's closets and partners with stylists and personal shoppers through a strategic and incentivized program. Rebag's mission is to be the authority in buying the most highly coveted luxury handbags and to make the selling experience as easy as possible. The company's Trendlee is a premier destination for pre-owned luxury handbags online. Trendlee is highly curated and specializes in luxury brands such as Hermes, Chanel, Louis Vuitton, and Celine.
Bib + Tuck is a members-only online community for women to trade fashion items. The company brings together people so that each can find the "new" in another's "old".
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