Vestiaire Collective, the leading platform for luxury second-hand fashion, has acquired Tradesy, a pioneer in the US second-hand fashion industry.
Both companies were founded in 2009 by women entrepreneurs with a vision to transform the fashion market for a more sustainable future. This acquisition represents their shared ambition to further accelerate their growth in the circular economy by offering an increasingly international customer experience.
The new company that Vestiaire Collective and Tradesy will establish will increase the size and reach of their marketplaces and will involve a community of 23 million members (Tradesy counts for a community of seven million members alone) and a catalog of five million fashion products. Consumers on both platforms will benefit from the Vestiaire Collective/Tradesy alliance: sellers will see their products reach a wider audience, in the U.S. and globally, while shoppers will have an even wider selection of vintage and second-hand clothing and accessories at their disposal.
Maximilian Bittner, CEO of Vestiaire Collective, and Fanny Moizant, founder and president of Vestiaire Collective, will continue to serve in their respective roles at the new company, while Tracy Di Nunzio, founder and CEO of Tradesy, will become CEO of the new company's U.S. operations. The Vestiaire Collective and Tradesy teams will progressively merge to share best practices and support accelerated growth in the U.S. market.
Tradesy's in-depth knowledge of U.S. customers will benefit Vestiaire Collective, while Tradesy will leverage the authentication expertise and global delivery capabilities of an industry leader such as Vestiaire Collective. Consistent with Vestiaire Collective's global approach to technology, a technology hub will be established in Los Angeles that will provide greater integrations through the combination of the two businesses, and this on an ongoing basis.