Vestiaire Collective was one of the pioneers of secondhand luxury item reselling when they established this platform back in 2009. Since then, over nine million members worldwide have become part of Vestiaire Collective and make use of the platform!
Although it remains unknown exactly how much revenue this startup generates, its investors have expressed great satisfaction with its growth. Over $683.6 million has been raised through 10 rounds of venture capital from notable investors including Ventech, Balderton Capital, Vitruvian Partners and Conde Nast among others.
Vestiaire Collective’s website is easy to navigate, enabling buyers to find pieces that suit their personal style with ease. They provide both trendy items from today as well as classic vintage pieces for a truly distinctive take on luxurious style.
Furthermore, the company operates physical warehouses where experts authenticate items and ensure quality for buyers. Their fee structure features a flat seller fee of $2,450 as well as payment processing fee of 3 percent.
Vestiaire Collective ships their items directly from sellers, so delivery times may take slightly longer than other retailers. But rest assured knowing that all shipments go through Paris to be verified as authentic so there should be no risk of fake or low-quality items reaching your home!