Magazine publishers behind GQ and Vogue; Condé Nast International, have invested $20 million in to online luxury store Vestiaire collective.
Vestiaire Collective, which allows shoppers to buy or sell a selection of pre-owned luxury items, was launched in 2009 with the aim of providing a new way to shop. Because of the company’s success over the last few years, in June 2013 they were awarded the European E-Commerce Gold Award for its contribution to the development of online retail.
Following the announcement of this new page for Vestiaire Collective, CEO and Co-founder Sebastian Fabre said “The legitimacy and the credibility of Condé Nast will reinforce our capacity to build an endless source of supply, pushing the convergence of pure user-generated content and media to create the most inspiring social shopping experience”.
This is the second online store that Condé Nast International has made a difference in as online retailer Farfetch.com joined the list of investments with a $20 million boost from the publishing company.