kering vestiaire collective

Kering invests in Vestiaire Collective. Vestiaire Collective announces a new €178m (US$ 216m) financing round backed by Kering and Tiger Global Management to accelerate its growth in the second-hand market and drive change for a more sustainable fashion industry. andypatel March 1, 2021. According to Reuters, Kering’s purchase valued Vestiaire Collective at more than $1 billion USD.The deal points to consumers’ interest in sustainability, as well as an increased consciousness of value due to the economic effects of the pandemic.Just weeks ago, Alexander McQueen partnered with Vestiaire Collective to launch its “Brand Approved” program, an initiative … PARIS/MILAN (Reuters) - French luxury group Kering has taken a 5% stake in Vestiaire Collective, a leading platform for second-hand clothes and handbags, betting that the booming resale market will help it woo younger and more environmentally conscious shoppers. Kering investe nel second hand di Vestiaire Collective. PARIS — Fashion’s secondhand market has been heating up for some time, and it’s starting to look red hot. Planting its flag in the activity, Kering on Monday revealed a hefty investment in Vestiaire Collective, snagging a 5 percent stake and board representation in the luxury resale platform. Must Read: Kering Invests in Vestiaire Collective, Can The Row Survive the Pandemic? A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods, Jewelry and Watches: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin, Ulysse Nardin, Girard-Perregaux, as well as Kering Eyewear. Sell! Kering et Vestiaire Collective partagent une ambition commune : s’engager à stimuler l’innovation pour construire une industrie de la mode plus durable pour l’avenir. Resale platform Vestiaire Collective secures Kering investment. Kering reduce sus ventas un 17,5% en 2020 lastrada por Gucci; Kering entra en el capital de Vestiaire Collective y lo eleva al estatus de unicornio; Gucci se suma a la segunda mano con una alianza con The Real Real; Loewe y Bottega Veneta aprovechan el parón del turismo para cambiar de cara en Paseo de Gracia Pre-owned clothing platform Vestiaire Collective has announced the completion of a new 178 million euro (216 million dollar) financing round backed by Gucci-owner Kering and US-based hedge fund Tiger Global Management. This week, Kering announced it was taking a minority stake in Vestiaire Collective, as part of the luxury resale site's latest round of financing. Press Release Vestiaire Collective Kering EN 2021 03 01 Paris, March 1st, 2021 - The leading global platform for desirable second-hand fashion today … This financing round grants Vestiaire Collective unicorn status and follows a strong year that saw the platform’s transaction volume grow over 100% year-on-year. Resale is a hot topic in the global luxury market, with brands like Gucci and Burberry inking partnership deals with major platforms such as The RealReal or Vestiaire Collective. Kering joins as lead investor with a stake of nearly 5%. Tiger Global Management, a U.S.-based technology investor, brings on board deep experience supporting high-growth disruptive companies to scale, such as Facebook and Spotify. Kering and Vestiaire Collective share a joint vision in their commitment to driving innovation to build a more sustainable fashion industry for the future. Kering invested millions in pre-owned luxury site Vestiaire Collective, which sells authenticated designer clothing and accessories. 100% of the items are curated and manually controlled by our experts! And it’s a … Vestiaire Collective New 178 million euro ($ 216 million) funding round backed by Kering And Tiger Global Management based in the United States. Vestiaire Collective, the Paris-headquartered global resale site for premium pre-owned fashion, has announced the closing of a €178 million (US$216 million) financing round, led by luxury group Kering and New York-based investment firm Tiger Global Management.The funding, which propels the startup to unicorn status, will be used to accelerate its global expansion plans amid the … With a $216 million investment. Kering now has a roughly 5% stake and representation on the Vestiaire Collective board. Similarly, Vestiaire Collective is one of the leading companies in the burgeoning resale market, competing with rivals like Vinted, Depop and ThredUp. French luxury conglomerate Kering has bought about 5 per cent of Vestiaire Collective, boosting the value of the online reseller of Chanel jackets and Prada handbags to more than US$1 billion. The deal underpins Kering’s interest in tapping into the booming luxury resale market. Kering acquired 5% of Vestiaire Collective. Investors in this round. According to Reuters, Kering’s purchase valued Vestiaire Collective at more than $1 billion USD.The deal points to consumers’ interest in sustainability, as well as an increased consciousness of value due to the economic effects of the pandemic.Just weeks ago, Alexander McQueen partnered with Vestiaire Collective to launch its “Brand Approved” program, an initiative that … Kering and Vestiaire Collective share a joint vision in their commitment to driving innovation to build a more sustainable fashion industry for the future. Though the concerns that luxury groups have over the secondary market (diluted brand images, weakened control over distribution) are valid, there are benefits, one of the main ones being a better grip on the selling of counterfeit goods. Kering et Vestiaire Collective partagent une ambition commune : s’engager à stimuler l’innovation pour construire une industrie de la mode plus durable pour l’avenir. Funding rounds. Kering, the luxury group that owns Gucci and Alexander McQueen, acquired a 5% stake in the second hand resale start-up Vestiaire Collective, which was valued at “over a 1 billion dollars”. As a result, Kering, the luxury giant that owns brands like Boucheron, Pomellato, and Ulysse Nardin, will own around 5% of Vestiaire Collective and get a seat on the company’s…

On Monday, the luxury conglomerate disclosed that … French luxury group Kering (PRTP.PA) has taken a 5% stake in Vestiaire Collective, a leading platform for second-hand clothes and handbags, … Kering and Vestiaire Collective share a joint vision in their commitment to driving innovation to build a more sustainable fashion industry for the future. Gucci owner Kering invests in resale platform Vestiaire Collective (Financial Times) 18.02.21 Gucci owner Kering sales crash thanks to lack of tourism (Retail Gazette) Paris, March 1st, 2021 - The leading global platform for desirable second-hand fashion today … This round has granted Vestiaire Collective the “unicorn” status as the company is in a position for its next cycle of accelerated growth following its transaction volume growth of over 100 per cent year-on-year. While its subsidiary Gucci joined forces with the RealReal last October, parent company Kering just announced its investment in resale platform Vestiaire Collective. PARIS/MILAN (Reuters) - French luxury group Kering has taken a 5% stake in Vestiaire Collective, a leading platform for second-hand clothes and … The fact is that Vestiaire Collective flies, both from the point of view of expanding the user base and business. The collective shock of the last year is involved, because it prompted many to embrace the standards of the circular economy. French luxury group Kering has taken a 5 per cent stake in Vestiaire Collective, a leading platform for second-hand clothes and handbags, betting that the booming resale market will help it woo younger and more environmentally conscious shoppers. Kering, the owner of Gucci, Bottega Veneta, Alexander McQueen, Balenciaga, and other luxury fashion houses, has acquired a 5 per cent stake in French consignment e-tailer Vestiaire Collective. PARIS/MILAN (Reuters) – French luxury group Kering has taken a 5% stake in Vestiaire Collective, a leading platform for second-hand clothes and … Kering and American investment firm Tiger Global Management are leading a new funding round that sees secondhand marketplace Vestiaire Collective bring in $216 million in new funding, along with existing investors, including its CEO Max Bittner, Vogue’s parent company Condé Nast, and the Eurazeo Group, among others. The investment is part of a 215m USD financing round … „Das ist heute deutlich mehr“, sagt er jetzt. As part of Vestiaire’s new Brand Approved service, Alexander McQueen is gathering pre-owned items from customers in its stores (in exchange for store credit) then sending them to Vestiaire to be authenticated and sold online, with a special note that the pieces were approved by the house. Vestiaire Collective announces a new €178m (US$ 216m) financing round backed by Kering and Tiger Global Management to accelerate its growth in the second-hand market and drive change for a more sustainable fashion industry.. Press Release Vestiaire Collective Kering EN 2021 03 01. Kering now owns 5% of Vestiaire Collective. Vestiaire Collective has received a new €178m ($ 216m) financing round backed by Kering Group and US-based Tiger Global Management. “One, the pre-owned market is developing fast, and Vestiaire Collective is the European champion in it; two, a partnership with Vestiaire Collective would likely provide Kering’s brands privileged access to it.” Now, Kering has acquired a 5 percent stake in Paris-based Vestiaire Collective, in the clearest sign yet that luxury’s attitude to the second-hand model could be thawing. Vestiaire Collective announces €178 million financing round. For Bernstein analyst Luca Solca, this is a smart move, strategically and financially. This values it at over $1 billion. The leading global platform for desirable second-hand fashion announced the completion of a new US$215 million financing round, backed by global French luxury group Kering and US investment firm Tiger Global Management. Gucci owner Kering invests in resale platform Vestiaire Collective. The startup operates an online marketplace where you can find pre-owned luxury and fashion items. Vestiaire Collective has global offices across Paris, London, New York, and Hong Kong, and is backed by tier 1 investors including Conde Nast, Balderton Capital, Ventech, and Eurazeo and Vitruvia, and recently Kering. Vestiaire Collective announces a new €178m financing round backed by Kering and Tiger Global Management 4 March 2021 The leading global platform for desirable second-hand fashion today announces the completion of a new €178 million financing round, backed by global French luxury group Kering (KER.PA) and US investment firm Tiger Global Management. French luxury group Kering, the parent company of Boucheron and Pomellato, has purchased a 5% stake in Vestiaire Collective, a pre-owned luxury e-commerce platform. Investors in this round. Kering has acquired an about 5 percent stake in Vestiaire Collective, an online platform for second-hand fashion items.The investment gives the French luxury goods group the right to be represented on e-tailer’s board. Per la piattaforma francese nuovo round di finanziamento da 178 milioni di euro, supportato dal colosso francese e … Buy! In a … Planting its flag in the activity, Kering on Monday revealed a hefty investment in Vestiaire Collective, snagging a 5 percent stake and board representation in the luxury resale platform. Kering and Vestiaire Collective share a joint vision in their commitment to driving innovation to build a more sustainable fashion industry for the future. French luxury group Kering has taken a 5% stake in Vestiaire Collective, a leading platform for second-hand clothes and handbags, betting that the … Those moves also put Kering in stark contrast with rival LVMH, which, to date, has yet to intermingle with resale companies. His obsession with vintage prints, bold silhouettes and hidden details clearly pays homage to the Florentine house. Press Release Vestiaire Collective Kering EN 2021 03 01 Paris, March 1st, 2021 - The leading global platform for desirable second-hand fashion today … Planting its flag in the activity, Kering on Monday revealed a hefty investment in Vestiaire Collective, snagging a 5 percent stake and board representation in the luxury resale platform. Every season, fashion’s favourite Renaissance man - Alessandro Michele - mashes together maximalist influences, a rainbow of textures and powerful engagement with today’s issues. Vestiaire Collective Wraps Up $215 Million Financing Round. VestiaireCollective.com, the best of pre-owned fashion at 30 to 70% off original retail price. French luxury-goods conglomerate Kering has invested in online reseller Vestiaire Collective in order to embrace new market trends and sustainable practices. “Kering is on the front foot with a ‘toe in the water’ investment in several new business models: Vestiaire Collective in “second life”, Farfetch (through Artemis) in the marketplace business, and now in rental. Kering and Vestiaire Collective share a joint vision in their commitment to driving innovation to build a more sustainable fashion industry for the future. PARIS/MILAN - French luxury group Kering has taken a 5% stake in Vestiaire Collective, a leading platform for second-hand clothes and handbags, … And Kering, which acquired 5% of the second-hand platform … Share! Kering and the American investment firm Tiger Global Management backed a €178 million financing round for the company. So, it’s no surprise to hear that today, luxury secondhand platform Vestiaire Collective has received €178 million ($216 million) of new financing in a round backed by global French luxury group Kering and U.S. investment firm Tiger Global Management. Paris-based luxury fashion resale website Vestiaire Collective has announced a $216 million financing round backed by Gucci owner Kering and US investment firm Tiger Global Management. Kering’s investment marks a notable shift in attitude.