Browsing tag

resale fashion

10 Things You Need To Know About The Resale Luxury Market

5 Mins Read What does the future hold for the luxury resale market? The future is bright, according to recent findings from McKinsey. McKinsey looked at the resale luxury market late last year. Consumer research was conducted in the U.S., EU and Asia. Overall findings concluded that consumers are growing the sector. If judicious, brands could enter the […]

5 Ways Conscious Consumption Is Driving The Resale Fashion Boom

3 Mins Read Sustainability is a hot topic in fashion right now, as the industry grapples with its reputation as one of the most polluting in the world. Consumers, in search for more eco-friendly ways to shop, are looking for alternatives that leave behind a lighter footprint – and this is driving the growth of resale fashion, which […]

Ganni Launches Sustainability-Motivated Peer-To-Peer Resale Platform

4 Mins Read Scandinavian brand Ganni is proving that the circular fashion economy never goes out of style. Having already launched its Ganni Repeat initiative, it has now integrated a peer-to-peer resale platform designed to make secondhand shopping a seamless experience. Ganni Repeat includes a partnership with repair service Sojo in the U.K.  and a rental platform that […]

Resale Platform Vestiaire Collective Acquires Industry Peer Tradesy As Circular Fashion Economy Continues To Grow

3 Mins Read Global resale platform Vestiaire Collective has acquired fellow industry peer Tradesy. The two secondhand platforms represent a global commitment to promotion of a circular fashion model. Both companies were launched in 2009, in Paris and Los Angeles respectively, and by female founders. The two have striking similarities, share a mission to end fashion waste and […]

Vintage Resale Fashion Leader Depop Becomes Climate Neutral

3 Mins Read Depop, the resale platform popular for vintage clothing and unique fashion items, is now climate neutral. The company is now certified by South Pole, a World Economic Forum-backed decarbonisation social enterprise, and says it will continue to expand its sustainability efforts amid growing pressure on businesses to take climate action. Depop is now a certified […]

Nona Source: LVMH Debuts Online Resale Platform To Upcycle Luxury Textile Deadstock

3 Mins Read LVMH, the owner of leading fashion houses such as Stella McCartney, Givenchy and Christian Dior, has launched the company’s first online resale platform. Nona Source was created as part of the luxury giant’s efforts to “re-source” and reuse materials from the Group’s Fashion & Leather Goods Maisons by providing access to these fabrics at competitive […]

EU-Based Secondhand Clothing Marketplace Vinted Raises US$303M With New US$4.5B Valuation

4 Mins Read Clothing and home goods marketplace Vinted recently announced that it closed an all-equity round of EUR€250M (approx. US$303M), and as a result, the company’s value now stands at approx. US$4.5 billion, a significant jump from its end 2019 value of US$1 billion valuation. The European startup’s round was led by purpose-driven global investment firm EQT Growth […]

Lululemon To Test Resale Program, Unveil Collection Featuring Dyes Upcycled From Orange & Beet Waste

4 Mins Read In the fall of last year, global athleisure brand lululemon unveiled its impact agenda, marking its commitment to an equitable and sustainable future, and pledging to limit its environmental impact by creating products from alternative materials and end-of-use solutions.To reaffirm this commitment, the brand will be launching two new sustainable initiatives – the lululemon Like […]

Collective for Change: Vestiaire Collective Aims To Raise Funds For Circular Fashion Charity The OR Foundation

4 Mins Read Just in time for Earth Week, online resale fashion platform Vestiaire Collective has unveiled a new campaign dubbed ‘Collective for Change’ to raise awareness on the tremendous waste produced by the fashion industry, by raising funds for circular fashion charity The OR Foundation. Paris-based preloved fashion company Vestiaire Collective is urging all fashion activists to […]

Vestiaire Collective Becomes Unicorn After Kering & Tiger Global Back US$216M Round

4 Mins Read Vestiaire Collective, the Paris-headquartered global resale site for premium pre-owned fashion, has announced the closing of a €178 million (US$216 million) financing round, led by luxury group Kering and New York-based investment firm Tiger Global Management. The funding, which propels the startup to unicorn status, will be used to accelerate its global expansion plans amid […]

Gucci For Rent? Southeast Asia’s Largest Circular Fashion Platform Style Theory Lands In Hong Kong

3 Mins Read Style Theory, the Singapore-headquartered circular fashion platform, has just entered Hong Kong. Starting this month, Hong Kong residents can lease, sell and purchase designer garments and accessories from the platform’s curated selection of over 2,000 brands without the substantial cost and waste associated with linear fashion consumption.  Founded in 2016 by Raena Lim and Chris […]

First ‘Sustainable September’ Circular Fashion Campaign Kicks Off In Hong Kong

3 Mins Read Hong Kong is welcoming the city’s first “Sustainable September” campaign to encourage consumers to build eco-conscious wardrobes. The campaign, launched by preloved fashion platform Vestiaire Collective in partnership with environmental charity EcoDrive, will see influential individuals donate their preloved garments to be sold online on the platform, with proceeds going towards local initiatives to reduce […]