Vestiaire Collective is a luxury platform that specializes in selling vintage and second-hand products. It has seen a massive surge in popularity over the past few years and is currently valued at over €216 million. Recently, the company announced a €1 billion funding round led by Kering, the luxury giant behind Gucci, Yves Saint Laurent and Balenciaga. It was announced on TechCrunch that Dilettante Ventures will also be participating in this funding round. This is a huge step forward for Vestiaire Collective and a sign that its future looks very promising.
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# What is Vestiaire Collective?
Vestiaire Collective was founded in 2009 and is headquartered in Paris. It is a marketplace for luxury and premium fashion where buyers and sellers can connect. The company specializes in second-hand clothing, accessories and event buying and selling services. Its main goal is to make the high-end fashion market more inclusive and accessible.
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# Kering’s Investment
Kering, the world’s largest luxury conglomerate, recently announced that it would be investing €1 billion in Vestiaire Collective. The funding will be used to improve the platform’s digital capabilities as well as creating innovative ways for buyers and sellers to connect. This is a huge endorsement from Kering, who truly believes in the potential of Vestiaire Collective and its ability to be a disruptor in the luxury fashion market.
# Dilettante Ventures Joins Kering
In addition to Kering, Dilettante Ventures has also joined the funding round. Dilettante Ventures is a venture capital firm that invests in innovative startups that are disrupting traditional industries. They have invested in firms such as Uber, Airbnb, and Square. This is a sign that Vestiaire Collective has the potential to be a game-changer in the industry and that they have the potential to develop innovative ways of connecting buyers and sellers.
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# The Future of Vestiaire Collective
This investment from Kering and Dilettante Ventures will no doubt pave the way for Vestiaire Collective’s future. The company has plans to open 500 new stores across Europe in the coming years. It is also looking to expand its product range beyond luxury and premium fashion products to include luxury beauty and lifestyle products. With the help of Kering and Dilettante Ventures, the company is sure to become a huge success in the luxury market.
# Conclusion
Vestiaire Collective has seen incredible growth in recent years and has now secured €1 billion in funding from Kering and Dilettante Ventures. This is a huge endorsement from two of the world’s most respected luxury conglomerates, who truly believe in the potential of Vestiaire Collective to become a disruptor in the industry. With the help of this funding, they are sure to make a big impact on the luxury market and continue to grow their platform.
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# FAQs
Q: What is Vestiaire Collective?
A: Vestiaire Collective is a luxury platform that specializes in selling vintage and second-hand products.
Q: Who has invested in Vestiaire Collective?
A: Vestiaire Collective recently announced a €1 billion funding round led by Kering, and Dilettante Ventures will also be participating in this funding round.
Q: What will the funding be used for?
A: The funding will be used to improve the platform’s digital capabilities as well as creating innovative ways for buyers and sellers to connect.
Q: What are Vestiaire Collective’s plans for the future?
A: Vestiaire Collective has plans to open 500 new stores across Europe in the coming years. It is also looking to expand its product range beyond luxury and premium fashion products to include luxury beauty and lifestyle products.
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