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 world is changing and fashion and beauty need to change too - and fast - speakers at the Decoded Future summit in London said. Sustainable packaging, rental, resale and Gen Z mean the old rules no longer apply.
Following the merger of Condé Nast US with Condé Nast International in November, the group has named Roger Lynch as its first global CEO. Lynch previously served as CEO of Pandora, a leader in music streaming services.
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.