Browsing tag

resale fashion

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 […]

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 […]

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 […]

ThredUp 2020 Report: Online Fashion Resale Thrives During Pandemic, Citing Record Sales

3 Mins Read ThredUP, the world’s biggest online consignment platform, has just revealed the latest results in its 2020 Resale Report in partnership with independent market research firm GlobalData. The report shows that far from taking a hit from the economic volatility, the online resale market has been booming despite the coronavirus pandemic.  Released today (June 30), thredUP’s […]

Walmart Partners With ThredUP To Hop On Growing Resale Fashion Market

3 Mins Read American multinational retail chain Walmart has just become the latest company to jump into the resale trend in a new partnership with secondhand apparel platform thredUP. Customers will be able to choose through thousands of preloved items for women and children on Walmart’s e-commerce site for a discounted price. It comes after multiple fashion brands […]

Preloved Fashion Platform Vestiaire Collective Secures US$64 Million For Asia Expansion

3 Mins Read Amidst the global campaign Fashion Revolution Week, Paris-based resale fashion online platform Vestiaire Collective announced today that it has landed US$64 million in new funding. The latest injection of capital was financed by both existing shareholders and new investors including Korean tech company Naver-backed Korelya Capital and specialist female-led consumer fund Vaultier. Vestiaire Collective says […]

Preloved Handbag Platform Rebag Debuts Resale-Swap-Rental ‘Infinity’ Programme

3 Mins Read Luxury handbag resale platform Rebag has just launched a new programme that lets customers exchange a recent preloved purchase for another bag. The programme takes the circular fashion approach to the next level by incentivising consumers to continuously recycle goods, creating a cycle between resale and rental that keeps items out of landfills as long […]