As it pushes forward with the expansion of its network of brick-and-mortar stores and fulfillment centers, the US-based platform dedicated to second-hand luxury products has received $115 million in Series G financing.
Reformation has announced plans to divert 75,000 articles of clothing from landfills in 2018, tripling its goal from last year. It will launch initiatives that support the goal, including resale and vintage shopping.
French investor Eurazeo, which has major holdings in Moncler and Desigual, wants more fashion investments after launching Eurazeo Brands, to expand into "European and US brands with international growth potential."
From the 22nd to 25th March, the Palacio Santa Barbara in Madrid will be home to an installation combining a sales space, exhibition and a workshop to verify the authenticity of garments, shoes and accessories.