What is Vestiaire Collective? Vestiaire Collective Review

introduce

Vestiaire Collective opened an office in London in March 2012 and entered the US market a year later.

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

Founder

Sebastien Fabre, Alexandre Cognard, Henrique Fernandes, Fanny Moizant, Christian Jorge, Sophie Hersan

cost

Vestiaire charges a minimum commission of $26 per item, plus a percentage (ranging from 18-34%) based on the order amount.

Shipping

When a new order is generated, the seller uses a prepaid shipping label to ship it to Vestiaire Collective's logistics center, and the product will be sent to the customer by Vestiaire Collective after verification. Customers need to pay before the product is shipped. Account funds are transferred to the seller's bank account or PayPal account twice a month. Sellers can also choose the website's customized service, which will be sold, mailed, photographed and priced by the website. This service is more expensive, but may be more attractive to some sellers.

Financing

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

In October 2011, Vestiaire Collective received $7.5 million in Series B funding.

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 financing. The main source of financing was French investment company Eurazeo, and other investors included Condé Nast Group.

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