Luxury > Technology

Paris-based resale platform Vestiaire Collective bags £154M to disrupt sustainable fashion industry

1 month ago   |   By UKTN

Vestiaire Collective , a global platform for desirable second-hand fashion, has secured €178 million funding at a valuation above $1 billion, making it a unicorn.
Who backed Vestiaire Collective?
The financing round was by French luxury group Kering and US investment firm Tiger Global Management.
Other existing investors including, Vestiaire Collective's CEO, Max Bittner, Bpifrance's Large Venture, Condé Nast, the Eurazeo Group , Fidelity International, Korelya Capital, Luxury Tech Fund, and Vitruvian Partners also participated.
How will the funding be used?
The funding will be used to...
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