Maximilian Bittner, CEO of Vestiaire Collective, and co-founder Fanny Moizant at the Luxury at the Summit by Miss Tweed, Val d'Isère, French Alps.
Online fashion resale platform Vestiaire Collective is on the lookout for potential acquisitions and needs a little more time and scale before it becomes profitable, Chief Executive Maximilian Bittner and co-founder Fanny Moizant said at the Luxury at the Summit by Miss Tweed in Val d’Isère, the French Alps, on Sunday, April 2.
The online platform, which competes with Farfetch, Vinted, The RealReal and other resale websites, is widely expected to conduct an initial public offering once it is ready and market conditions allow. Vestiaire Collective was launched by six entrepreneurs in Paris in 2009 to give a second life to items lying unused in people’s closets.
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