Source: The Business of Fashion
Summary
Vestiaire Collective, a luxury consignment marketplace, has acquired Tradesy, a peer-to-peer fashion resale platform. The deal is expected to enhance Vestiaire Collective’s presence in the US market and expand its offerings to a younger demographic. According to Vestiaire Collective’s CEO, the acquisition will accelerate growth in secondhand fashion globally. Tradesy’s founder and CEO will remain in her role, overseeing the integration of the two companies. The acquisition amount was not disclosed.
Our Reading
The trend returns with a new name. Vestiaire Collective’s acquisition of Tradesy is the latest move in the growing luxury resale market. The deal echoes past collaborations between luxury brands and resale platforms, such as ThredUp’s partnership with designer brands. The emphasis on secondhand fashion as a growth opportunity is a familiar narrative. The acquisition represents an opportunity for the global marketplace to accelerate growth in secondhand fashion and draw a younger audience.
Author: Evan Null
