Vestiaire Collective Acquires Tradesy

Pre-loved online marketplace, Vestiaire Collective, has announced the acquisition of U.S.-based fashion resale platform, Tradesy.

The company’s move to acquire Tradesy follows a rising demand for sustainable fashion, which has ultimately fueled a growing desire for pre-loved fashion. Both Vestiaire Collective and Tradesy were founded in 2009 by women entrepreneurs, Fanny Moizant and Tracy DiNunzio, respectively, who both shared the same commitment to making the fashion industry more sustainable. Together, both companies aim to lean in on that mission by accelerating the growth of the circular fashion economy.

“Today’s transaction is a key milestone for the luxury fashion resale industry. By joining forces with Tracy and her team, we continue to empower our customers to drive change by making second-hand fashion a first choice. With this transaction, we confirm Vestiaire Collective’s ambition to be a truly global player, promoting circularity in Europe, the U.S. and Asia-Pacific,” said Maximilian Bittner, CEO of Vestiaire Collective.

Vestiaire Collective and Tradesy collectively boast a membership community of 23 million customers, a catalog of 5 million items, and a gross merchandise value (GMV) exceeding $1 billion.

Under the terms of the deal, Bittner and Fanny will continue to serve in their roles for the combined company, while Tracy DiNunzio will head the company’s combined U.S. operations as the chief executive. Additionally, both companies are expected to progressively merge to allow sharing of best practices and support accelerated growth in the U.S. market.

Financial terms of the deal have not been disclosed.

Originally published at https://retailbum.com on March 16, 2022.