One of the biggest names in online fashion resale is linking up with one of the world’s top department stores for a year-long physical store with Vestiaire Collective to open at Selfridges, Oxford Street on October 30.
After specialising in luxury, the pre-owned fashion e-tailer is re-focusing on affordable luxury brands, while adapting its purchasing options and commissions to the mid-market segment, and eyeing global expansion.
According to a study from Vestiaire Collective and Boston Consulting Group, luxury brands should be embracing the second-hand fashion boom, not least because it moulds the loyalties of future primary-market consumers.
The French second-hand fashion e-tailer, looking to boost its tech capabilities and accelerate international deployment, has completed a funding round worth €40 million with BPI France and its own CEO.
The world is changing and fashion and beauty need to change too - and fast - speakers at the Decoded Future summit in London said. Sustainable packaging, rental, resale and Gen Z mean the old rules no longer apply.
Which came first, the influencer or the businesswoman? Spain's Gala González, who has over a million followers on Instagram, has launched her own clothing label, introducing timeless pieces at affordable prices.