According to a study from data analysis specialist Retviews, the label's success is down to its focus on its assortment, which brings together exclusivity and inclusivity, and its reactiveness to trends.
If anybody needed confirmation of how important fashion resale has become, it came on Monday with the announcement by France’s Vestiaire Collective of a new €178m financing round backed by Kering, among others.
Fanny Moizant has informed the board of SMCP that she’s stepping down as a director. The move comes as she needs to be “fully focused on her other activities, in particular the development of Vestiaire Collective”
Virgil Abloh does enjoy breaking the rules. His latest video presentation, in this case the Off-White Spring/Summer 2021 collection, which debuted online Tuesday lunchtime in Europe, is a case in point.
Cross-border Commerce Europe, a cross-border commerce analyst, has ranked the top 100 most sustainable cross-border marketplaces in Europe. Top of the list, based on 10 factors, are Ebay, Etsy, Rakuten and Amazon.
The second hand luxury market is gaining momentum. Our LuxurynsightXFashionNetwork podcast guest Maximilian Bittner, CEO of Vestiaire Collective since last year, shares his perspective on the sector’s potential.
The pre-owned fashion market is forecast to grow worldwide by 15-20% per year until 2025, says a survey by BCG for resale specialist Vestiaire Collective, outlining the different profiles of the market’s players.