Fanny Moizant has informed the board of SMCP that she’s stepping down as a director. The move comes as she needs to be “fully focused on her other activities, in particular the development of Vestiaire Collective”
Virgil Abloh does enjoy breaking the rules. His latest video presentation, in this case the Off-White Spring/Summer 2021 collection, which debuted online Tuesday lunchtime in Europe, is a case in point.
Cross-border Commerce Europe, a cross-border commerce analyst, has ranked the top 100 most sustainable cross-border marketplaces in Europe. Top of the list, based on 10 factors, are Ebay, Etsy, Rakuten and Amazon.
The second hand luxury market is gaining momentum. Our LuxurynsightXFashionNetwork podcast guest Maximilian Bittner, CEO of Vestiaire Collective since last year, shares his perspective on the sector’s potential.
The pre-owned fashion market is forecast to grow worldwide by 15-20% per year until 2025, says a survey by BCG for resale specialist Vestiaire Collective, outlining the different profiles of the market’s players.
Vestiaire Collective has raised new funding with the completion of a $64m finance round. Existing shareholders have reinvested, alongside new names that highlight the appeal of the firm and the bright future of resale.
Sustainability and the customer experience are more and more crucial for the luxury industry, as found in a study by media agency Initiative, which identified six clusters of luxury goods consumers in France.