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Second-hand fashion appeals to investors

2021-09-22T19:28:41.051Z

Vestiaire Collective raised 356 million euros this year, and Vinted, 250 million. The market is taking off.



The second hand does not stop at seducing consumers;

it also convinces investors.

This is evidenced by the record fundraising carried out in recent months by dedicated platforms.

In just six months and two transactions of the same amount, Vestiaire Collective, a specialist in second-hand luxury goods, raised 356 million euros: the one unveiled on Wednesday brought Softbank Vision Fund 2 (the largest investment fund) into its capital. world in tech), that of March, the luxury giant Kering.

Read also

Fashion: the second hand is revolutionizing Parisian department stores

Vinted is not left out.

The Lithuanian raised 250 million euros last May, after 128 million in November 2019. The two companies are now unicorns, valued at 1.44 billion euros for the first and 3.5 billion for the second.

This influx of money, which benefits two platforms created more than ten years ago (2008 for Vinted, 2009 for Vestiaire Collective) is linked to the recent take-off of second-hand fashion in developed countries.

The second hand responds

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Source: lefigaro

All business articles on 2021-09-22

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