Vestiaire CEO Max Bittner and fashion director Sophie Hersan | Source: Fashion United

Vestiare Collective Acquires Tradesy in Major Market Move

French-owned luxury fashion house Vestiare Collective has recently obtained US-owned rival Tradesy for an undisclosed sum, in what is seen as a major move for the luxury resale market.

The deal is the latest merger in the resale category, in a move designed to increase Verstiare’s audience and influence.

Established as an online marketplace to buy and sell luxury fashion, Vestiare Collective was founded in 2009 by a team of six employees. Today, they offer authenticated pre-owned fashion and items at 30 to 70 per cent off the original retail price and hold the title of the largest international luxury resale marketplace.

In 2021, Vestiare Collective raised US$216 million (around A$290 million) for its resale platform. The company itself was valued at above US$1 billion.

Californian-based rival Tradesy is a resale marketplace for women’s luxury fashion, boasting a number of brands including Louis Vitton, Chanel and Michael Kors.

While details of the trade deal were not released to the public, the companies released a joint statement on the move.

By joining forces, Vestiare and Tradesy significantly increase the size and reach of peer-to-peer marketplaces, to the direct benefit of their buyers and sellers. The combined company will boast a membership community of 23 million, a catalogue of 5 million items and a gross merchandise value exceeding US$1 billion.

Verstiare Collective

Tradesy CEO and founder, Tracy DiNunzio will continue to be in charge of US-based dealings while Vestiare Collective CEO Maximilian Bittner will continue to serve in his position.

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