PYMNTS-MonitorEdge-May-2024

Vestiaire Collective

Vestiaire Collective Targets $1.1 Million in Crowdfunding
Vestiaire Collective Targets $1.1 Million in Crowdfunding
January 23, 2024  |  Investments

European pre-owned fashion platform Vestiaire Collective launched a crowdfunding campaign to raise at least 1 million euros (about $1.1 million) from individual investors. The crowdfunding...

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Resale Is Having Its Moment, but Will Rent the Runway?  
Resale Is Having Its Moment, but Will Rent the Runway?  
April 02, 2023  |  Retail

The shift towards sustainability is evident, and consumers have made it clear that the trend is here to stay. As a result, the resale market...

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Third-Party, White-Label Solutions Boost Luxury Recommerce Growth
Third-Party, White-Label Solutions Boost Luxury Recommerce Growth
November 15, 2022  |  Retail

Researchers at Spain’s Universitat Politècnica de Catalunya recently published a study showing that reusing 1kg of clothing could save 25 kg of carbon dioxide emissions....

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How Vestiaire Collective Uses BNPL to Make High-End Fashion Accessible to All
How Vestiaire Collective Uses BNPL to Make High-End Fashion Accessible to All
April 29, 2022  |  BNPL

Resale platforms and buy now, pay later (BNPL) options offer a sustainable way for discerning consumers to make upmarket purchases in a financially responsible way....

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Vestiaire Collective: Resale Platforms and BNPL Power Sustainable Luxury Purchases
Vestiaire Collective: Resale Platforms and BNPL Power Sustainable Luxury Purchases
April 28, 2022  |  BNPL

Buy now, pay later (BNPL) is a growth industry that is already worth more than $125 billion, with projections to grow to $3.3 trillion by...

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SoftBank Jumps Into Secondhand Market with Vestiaire Collective Investment
SoftBank Jumps Into Secondhand Market with Vestiaire Collective Investment
September 22, 2021  |  eCommerce

French online fashion platform Vestiaire Collective’s valuation hit $1.7 billion after a fundraising round that includes $209 million from SoftBank Group Corp.’s private equity arm...

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Today In Retail: Ross Stores’ Traffic Hit By Pandemic; Vestiaire Collective Completes $215 Million Round
Today In Retail: Ross Stores’ Traffic Hit By Pandemic; Vestiaire Collective Completes $215 Million Round
March 03, 2021  |  Retail

In today’s top retail news, Ross Stores, Inc. said its fourth-quarter sales exceeded forecasts but the pandemic proved to be a hurdle for traffic, while...

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Vestiaire Collective Wraps Up $215 Million Financing Round
Vestiaire Collective Wraps Up $215 Million Financing Round
March 03, 2021  |  Retail

French pre-owned fashion platform Vestiaire Collective completed a 178 million euro (approximately $215 million) financing round. American investment firm Tiger Global Management and French luxury...

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Are Online Resale Sites Rife With Counterfeits?
Are Online Resale Sites Rife With Counterfeits?
September 30, 2019  |  Retail

Counterfeiting is stereotypically the domain of luxury goods, where fraudsters dupe unsuspecting shoppers into buying fake handbags, accessories or beauty products. But as with the...

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