But while Vestiaire Collective seeks to have a presence in both the U.S.

The RealReal is also valued at over $1 billion, sells the same caliber of luxury goods as Vestiaire Collective and has similarly attracted investment from big companies like Great Hill Partners. Tradesy only recently raised $67 million in funding in September, bringing its total funds to nearly $170 million. market puts Vestiaire Collective in direct competition with its biggest rival, the American company The RealReal. Its valuation coupled with the renewed focus on growing in the U.S. Its current valuation is over $1.7 billion. Vestiaire Collective has attracted massive investment in recent years, bringing in more than $600 million since 2015 from companies including Condé Nast, Kering and SoftBank. In an email to Glossy, DiNunzio and her team’s expertise was specifically mentioned by Fanny Moizant, founder and president of Vestiaire Collective, as something the company wanted to preserve. Tradesy also has expertise in virtual inventory automation, something that Vestiaire Collective competitor The RealReal doesn’t do, according to Tradesy CEO Tracy DiNunzio.īittner will remain CEO of Vestiare Collective as a whole, while the founder and CEO of Tradesy, Tracy DiNunzio, will lead U.S. Technology and scale are two of the key components for a resale company to be competitive, and Vestiaire Collective is using this acquisition to improve both. This comes only a few months after Vestiaire Collective hired its first chief technology officer, Klemen Drole, in November. In the office, resale technology - like using machine learning for product information – will be developed and deployed to the U.S. The company will also form what it calls a “technology hub” in Los Angeles. To support the new reach in the U.S., Vestiaire Collective is opening an authentication center in Los Angeles this year, marking its fifth in total and second in the U.S. and Asia-Pacific” said Max Bittner, CEO of Vestiaire Collective in an email to Glossy. “With this transaction, we confirm Vestiaire Collective’s ambition to be a truly global player, promoting circularity in Europe, the U.S. It mainly attributed the growth to increasingly aggressive U.S.-targeted marketing. sales by 75% per year, according to the company.

Vestiaire Collective has traditionally focused on the European market, but in the last two years, it has grown its U.S.

Vestiare collective