What Does Kering’s Deal With Vestiaire Collective Mean For Secondhand Fashion & The Entire Industry?

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The takeaway isn’t just that luxury and secondhand resale are newly compatible; it’s that resale has the potential to alter the entire fashion industry for the better.

; helping Vestiaire customers reduce their own impact by connecting them with local sellers; and, more broadly, “triggering systemic change in the industry.” To Moizant, the big picture isn’t just that luxury and resale are newly compatible; it’s that resale has the potential to alter the entire fashion industry for the better.

“What we are fighting against is really fast fashion,” Moizant says. “Firsthand [luxury] fashion is not the devil here – it’s quality product that can have several lives. We love fashion, and we’re here to celebrate the creativity and craftsmanship of it. But what we hate is the ‘take, make, waste’ mentality, where a whole part of the industry is producing clothes for people who will wear it once or twice and discard it immediately. That has to stop.

The transformation will likely begin with more Brand Approved collaborations like McQueen’s, but it’s also easy to imagine a future where Vestiaire is simply powering the logistics and tech behind brands’ own buy-back programmes. Boutté predicted that in the next five or 10 years, every luxury brand will need to have some sort of take-back scheme, whether in partnership with Vestiaire or fully in-house.

 

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