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Vestiaire Collective confirms global ambitions with acquisition of US resale platform Tradesy

Camilla Rydzek
15 March 2022

Luxury resale platform Vestiaire Collective has confirmed the acquisition of Tradesy, a resale platform based in the US. The company will use Tradesy to expand its reach in the US market.

The new alliance will see Vestiaire benefit from Tradesy’s understanding of US customers and significantly increase both companies' size and reach. Tradesy will leverage Vestiaire's authentication expertise and global supply capabilities.

The financial terms of the deal were not publicly disclosed.

Maximilian Bittner, CEO of Vestiaire Collective, commented: "With this transaction, we confirm Vestiaire Collective’s ambition to be a truly global player, promoting circularity in Europe, the US and Asia-Pacific.”

Together the two companies boast a membership community of 23 million, a catalog of 5 million items and a gross merchandise value exceeding £765 million.

By joining forces the two respective female founders aim to "accelerate the growth of the circular fashion economy," a press release stated.

Vestiaire will also expand its own operations in the US with the opening of an authentication centre in Los Angeles, its second in the US and fifth globally.

Vestiaire's CEO, as well as founder and President Fanny Moizant, will continue to serve in their roles at the combined company, while Tracy DiNunzio, founder and CEO of Tradesy, will become CEO of the combined US operations. The teams of both companies are expected to progressively merge to support growth in the US market.

Tracy DiNunzio, founder and CEO of Tradesy, said: “Fanny, Max and their great team have done a spectacular job positioning Vestiaire Collective as the leading marketplace in our global industry. With today’s transaction, we are positioned to significantly improve the experience of US fashion customers. The Tradesy team and I are thrilled to pursue our shared mission together with the incredibly talented team at Vestiaire Collective.”

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