
French luxury resale site Vestiaire Collective’s onward march is continuing with news that it has raised a further €178m in new finance, six months after a previous funding round. The firm is now valued at $1.7bn.
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French luxury resale site Vestiaire Collective’s onward march is continuing with news that it has raised a further €178m in new finance, six months after a previous funding round. The firm is now valued at $1.7bn.
If anybody needed confirmation of how important fashion resale has become, it came on Monday with the announcement by France’s Vestiaire Collective of a new €178m financing round backed by Kering, among others.
Thirty six years after founding the brand, Thomas Meyer is ready to talk publicly about his company. The Spanish businessman outlines the strategy and evolution of a business that turned over 600 million euros in 2019.
After a “difficult” 2018, the Spanish company saw Ebitda improve to €27.2 million ($30m) in the first half of the year, while sales fell 10% to 290.7 million ($323.5m).
The French second-hand fashion e-tailer, looking to boost its tech capabilities and accelerate international deployment, has completed a funding round worth €40 million with BPI France and its own CEO.
The Spanish company has put an end to its collaboration with Jean-Paul Goude, who became its first ever artistic director in 2017, FashionNetwork.com understands.
Moncler is one of Italian fashion and luxury’s greatest success stories this century. FashionNetwork.com caught up with CEO Remo Ruffini in Milan for some insights into making Moncler a mega success and his future plans.
Desigual CEO Thomas Meyer has acquired a 10% stake in the Spanish fashion brand, which was purchased by the Eurazeo investment firm in 2014. Meyer now becomes the sole shareholder of the Barcelona-based label.
Spanish clothing brand Desigual, known for its patchwork designs, has ended the first half of the year with revenue of 323 million euros, down 14.5% on the same period in 2017.
Pat McGrath Labs, the makeup brand created by legendary makeup artist Pat McGrath, has received a $60 million minority investment from Eurazeo Brands.