What is Vestiaire Collective? Vestiaire Collective Review

Vestiaire Collective was founded in France in 2009. It is a second-hand luxury goods trading platform. Users can sell their second-hand luxury goods through this website, or buy their favorite second-hand brand-name clothes, shoes, bags, accessories, etc. from this trading platform at a low price of up to 70% off.

About Vestiaire Collective

Vestiaire Collective has more than 2,000 brands, and the product update speed is also very fast. Not only are there first-line luxury brands such as Hermes, Louis Vuitton, Chanel, Dior, etc., but also popular fashion brands such as Supreme, MCM, Off White, etc., as well as French light luxury brands such as Maje, Sandro, The Kooples, etc. The website can be searched by brand, product type, price, and quality, or by keyword, and then sorted by price or popularity. Whether it is casual browsing or targeted search, it is very convenient.

Vestiaire Collective is headquartered in France, but has branches in many countries and cities around the world, including London, Berlin, New York, Milan, etc. Vestiaire Collective now consists of more than 7 million fashion + elite members in more than 50 countries across Europe, the United States, Asia and Australia.

Co-Founder

Vestiaire Collective was co-founded by six members: Alexandre Cognard, SébastIENFabre, Henrique Fernandes, Sophie Hersan, Christian Jorge and Fanny Moizant.

Transaction Process

Sellers need to download the app and create a listing. When a new order is generated, the seller uses a prepaid shipping label to ship it to Vestiaire Collective's authentication center. Professionals will check the authenticity of the goods and strictly check whether the size, condition (defects, newness, etc.) are consistent with the seller's description. If they are consistent, the authentication center will hang an inspected label and send it to the buyer. (If there is a discrepancy, an email will be sent to describe the discrepancy in detail, and the final choice will be returned to the buyer.)

cost

Vestiaire Collective charges a commission of $26 per item, plus a percentage of the order value (ranging from 18-34%). Customers pay before the item is shipped. Funds are transferred to the seller's bank account or PayPal account twice a month. Sellers can also choose the site's custom service, which does the selling, mailing, photography and pricing. This service is more expensive, but may be more attractive to some sellers.

feature

1. Allow bargaining with sellers: One of the most prominent features of the Vrestiaire Collective website is that it allows bargaining with sellers. The bargaining range for each item is limited to 70% of the price offered by the merchant, and there are three chances. For example, a Chanel bag priced at 200 euros can be negotiated down to 200*70%=140 euros at the lowest. The process is that the buyer gives an acceptable ideal price (Faire une offre de prix) greater than or equal to 140 euros, and the seller needs to reply within two days to accept or reject, or give a new acceptable selling price. The buyer also needs to make a decision on the seller's reply or give a new ideal price within a limited time. Both parties have three chances.

2. Double Guarantee: The most commendable thing about Vestiaire Collective is that it is double reliable. All sellers on the website need to undergo real identity verification, and each product will be strictly inspected by the authentication team before shipment. This is to ensure that consumers can shop with confidence and get genuine products at fair prices.

Development History

-In 2009, Vrestiaire Collective was established in France.

-In June 2010, Vening CAPItal Venatel invested 1.5 million euros in Vrestiaire Collective.

-In June 2011, Vestiaire Collective received 15 million in Series A funding.

-In August 2011, Vestiaire Collective received 7.5 million euros in investment from Balderton Capital.

-In March 2012, Vestiaire Collective opened an office in London and began to enter the UK market, and entered the US market a year later.

-In September 2013, Vestiaire Collective, a Paris-based luxury e-commerce company, received $20 million in Series C funding from investors including well-known publishing groups Condé Nast, IDINvest, Balderton and Ventech, with Condé Nast investing more than $10 million.

-In September 2015, Vestiarie Collective announced that it had received $37 million in Series D funding. The main source of funding was French investment company Eurazeo, and other investors included Condé Nast Group.

-On January 25, 2017, undisclosed investors invested 58 million euros in Vestiaire Collective.