Vestiaire Collective, the Paris-based fashion resale giant, is making waves with a new crowdfunding campaign. They're aiming to raise a cool 1 million euros, a small but strategic piece of their 1.1 billion euro valuation pie. But wait, there's more! They're eyeing an IPO in 2025.
Vestiaire's not just selling pre-loved Gucci and Burberry; they're selling shares to their fans. For a mere 1.78 euros a pop, they're inviting their loyal customer base to get a slice of the pie. It's a bold marketing ploy and a nod to their community-focused ethos.
A year ago, they were cruising at a 1.4 billion euro valuation. Now? It's a slightly more modest 1.1 billion. Blame the market or call it a strategic adjustment.
This isn't just about selling second-hand threads. Vestiaire's betting big on the growing trend of sustainable fashion. By banning over 60 fast fashion brands, they're positioning themselves as the go-to for conscious consumers. Clever move or just following the herd?
All eyes are on 2024 as Vestiaire gears up to hit profitability. And with heavy-hitters like Kering and Softbank backing them, they're not just walking towards an IPO; they're strutting.
This isn't just a European affair. The crowdfunding campaign, run through UK's Crowdcube, is open wide, inviting investors from across Europe and the UK. Vestiaire's not just expanding its wardrobe; they're expanding their reach.
How do you think should Vestiaire Collective use the mony from crowdsourcing
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