{"id":158751,"date":"2017-01-25T11:34:20","date_gmt":"2017-01-25T11:34:20","guid":{"rendered":"https:\/\/www.theindustry.fashion\/vestiaire-collective-raises-e58m-funding-for-international-growth\/"},"modified":"2021-08-12T13:44:49","modified_gmt":"2021-08-12T13:44:49","slug":"vestiaire-collective-raises-e58m-funding-for-international-growth","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/vestiaire-collective-raises-e58m-funding-for-international-growth\/","title":{"rendered":"Vestiaire Collective raises \u20ac58m funding for international growth"},"content":{"rendered":"<p>Leading pre-owned luxury and premium fashion platform <a href=\"http:\/\/www.vestiairecollective.com\">Vestiaire Collective<\/a> has secured<strong> \u20ac58m in funding<\/strong> to fuel further international growth.<\/p>\n<p><!--more--><\/p>\n<p>This latest round of funding was led by new investor <strong>Vitruvian Partners<\/strong> and was also backed by existing investors\u00a0<b>Eurazeo <\/b>and<b> Idinvest Partners.<\/b><\/p>\n<p>Vestiaire was founded in France in 2009 and says two-thirds of its transactions are \"cross borders\" with a significant following in mainland Europe, the Nordics and the US, a market it entered in 2015. The funding will allow it to <strong>grow further in the US and expand into the APAC<\/strong> region, as well as to invest in distribution and technology.<\/p>\n<p>Vestiaire claims it is the only consumer-to-consumer platform that has a team of experts to <strong>physically check the quality and authenticity of the products<\/strong> it sells and has an ambition to be the \"clear global leader as a trading platform for both buyers and sellers by 2018\".<\/p>\n<p>The investment will also enable the business to create<strong> 120 new jobs<\/strong> around the world. Founder and CEO\u00a0<b>S\u00e9bastien Fabre\u00a0<\/b>said the backing showed investors were confident in the business' strategy and growth potential.<\/p>\n<p>\"They are providing us with the means for<strong> organic and possibly non-organic growth<\/strong>, to consolidate our leadership in\u00a0<span class=\"xn-location\">Europe<\/span>, pursue in a similarly rapid growth in the US, as well as enter new high potential markets such as\u00a0<span class=\"xn-location\">Asia Pacific,\" Fabre said.<\/span><\/p>\n<p>\"The platform allows sellers to realise value from their wardrobes and allows buyers to browse <strong>600,000 items<\/strong> to find coveted pieces at great prices, and these benefits have built a highly engaged and enthusiastic user base. We are excited to partner with such <strong>a high calibre management team<\/strong> and look forward to helping our first investment in\u00a0<span class=\"xn-location\">France<\/span>\u00a0continue its international expansion and become the global champion,\" said Thomas Studd, a partner at Vitruvian Partners.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":147090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[6,10494,10497],"tags":[9816,20,10023,19,11514,11515],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Vestiaire Collective raises \u20ac58m funding for international growth - TheIndustry.fashion<\/title>\n<meta name=\"description\" content=\"Leading pre-owned luxury and premium fashion platform Vestiaire Collective has secured \u20ac58m in funding to fuel further international growth. 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