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Vestiaire Collective surfs the boom in second-hand luxury goods

2021-09-22T04:14:00.605Z

The French unicorn raises 178 million euros, notably from Softbank. This is the second time in six months that he has made such a lift.



Certainly, the French Vestiaire Collective attracts prestigious shareholders. This Wednesday, the second-hand luxury goods specialist announces a fundraising of 178 million euros, from Softbank Vision Fund 2 - the world's largest tech investment fund - and Generation Investment Management - a pioneer in investing in sustainable development - certain historical shareholders (Bpifrance, Condé Nast, Eurazeo, etc.) also reinvesting. In March, the company raised the same amount, this time from luxury giant Kering, which had taken 5% of the capital, and Tiger Global Management.

Vestiaire Collective is not a young start-up: the company was founded in Paris in October 2009. But it is now accelerating, while the second-hand fashion market is taking off in the world.

Vestiaire Collective specializes in luxury and premium items (the average basket is 300 euros),

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Source: lefigaro

All business articles on 2021-09-22

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