Vestiaire Acquires Tradesy - Closet Full Of Cash

Vestiare Collective announces the acquistion of Tradesy

PARIS and LOS ANGELES, March 15, 2022 /PRNewswire/ — Vestiaire Collective SA (“Vestiaire Collective), the leading global online marketplace for desirable pre-loved fashion today announces the acquisition of Tradesy, Inc. (“Tradesy”), the US pioneer in the fashion resale industry. Financial terms of the deal were not disclosed.

Maximilian Bittner, CEO of Vestiaire Collective, commented: “Today’s transaction is a key milestone for the luxury fashion resale industry. By joining forces with Tracy and her team, we continue to empower our customers to drive change by making second-hand fashion a first choice. With this transaction, we confirm Vestiaire Collective’s ambition to be a truly global player, promoting circularity in Europe, the US and Asia-Pacific.”

Fanny Moizant, founder and President of Vestiaire Collective, added: “We have been very impressed with the great achievements of Tracy and the Tradesy team over the years and are very excited by the opportunity to work together to accelerate the change in the way people consume fashion. We are particularly enthusiastic about the scale we are reaching together and the associated benefits in the highly attractive US market.”

Tracy DiNunzio, founder and CEO of Tradesy, said: “Fanny, Max and their great team have done a spectacular job positioning Vestiaire Collective as the leading marketplace in our global industry. With today’s transaction, we are positioned to significantly improve the experience of US fashion customers. The Tradesy team and I are thrilled to pursue our shared mission together with the incredibly talented team at Vestiaire Collective.”

What does this mean for you? I’m taking a wait and see approach but there are a few things they can implement on both platforms to make it more user friendly.

Build a better user back end, especially for business accounts.
Add in a SKU field
Create an export feature for all listings
Build up your authentication trainings (Vestiaire)

We’ll be keeping an eye on the transition and report back what we see!

Closet Full Of Cash2022-12-09T11:18:47-08:00

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I’ve been practicing “Quiet Luxury” my whole life!😉
🔗in bio to the @fastcompany article

I’ve been practicing “Quiet Luxury” my whole life!😉
🔗in bio to the @fastcompany article

The data is the only thing I can see of value and honestly, there are other companies like @trendfulinc and @rebagofficial who are already doing it and better.

While the insurance sounds like a good idea, not sure I would pay for it. Thoughts?

Profitable in 2024? We’ll see…..

🔗 in bio to the article.

The data is the only thing I can see of value and honestly, there are other companies like @trendfulinc and @rebagofficial who are already doing it and better.

While the insurance sounds like a good idea, not sure I would pay for it. Thoughts?

Profitable in 2024? We’ll see…..

🔗 in bio to the article.

And no one will swap out authentic for super fakes 🤣
🔗

And no one will swap out authentic for super fakes 🤣
🔗

@vestiaireco and @gucci have partnered which will be the first of many brands testing the resale market with these larger platforms! 🔗

@vestiaireco and @gucci have partnered which will be the first of many brands testing the resale market with these larger platforms! 🔗

Here in the US, our laws are way too lax and sellers are free to push counterfeits on social platforms. Enacting a law where marketplaces have to turn over the sellers information is a step in the right direction. 🔗 to the Pulse News

“The proposed amendment of the law requires an online platform to stop the sale of an item when the item is found to be a counterfeit. If the platform is negligent of such a duty, it could constitute an infringement of a trademark. If the platform refuses a trademark owner’s request to provide details about the seller of counterfeits, the Industrial Property Dispute Resolution Committee intervenes and, after a review, orders that the requested information be provided.

“Currently, a trademark owner cannot really do anything by law if an online platform does not provide personal details of a seller who sells counterfeits for privacy reasons,” one unnamed fashion industry insider said. “The proposed amendment may not directly hold online marketplaces legally accountable for counterfeits, but at least the trademark owner can quickly respond to the manufacturers and the sellers of the relevant counterfeits.”

Here in the US, our laws are way too lax and sellers are free to push counterfeits on social platforms. Enacting a law where marketplaces have to turn over the sellers information is a step in the right direction. 🔗 to the Pulse News

“The proposed amendment of the law requires an online platform to stop the sale of an item when the item is found to be a counterfeit. If the platform is negligent of such a duty, it could constitute an infringement of a trademark. If the platform refuses a trademark owner’s request to provide details about the seller of counterfeits, the Industrial Property Dispute Resolution Committee intervenes and, after a review, orders that the requested information be provided.

“Currently, a trademark owner cannot really do anything by law if an online platform does not provide personal details of a seller who sells counterfeits for privacy reasons,” one unnamed fashion industry insider said. “The proposed amendment may not directly hold online marketplaces legally accountable for counterfeits, but at least the trademark owner can quickly respond to the manufacturers and the sellers of the relevant counterfeits.”

“On 7 January 2015, at about 11:30 a.m. CET local time, two French Muslim terrorists and brothers, Saïd and Chérif Kouachi, forced their way into the offices of the French satirical weekly newspaper Charlie Hebdo in Paris. Armed with rifles and other weapons, they murdered 12 people and injured 11 others.”

Here is your direct link between counterfeits and murder.

#rep #dupe #bougieonabudget #fakes

“On 7 January 2015, at about 11:30 a.m. CET local time, two French Muslim terrorists and brothers, Saïd and Chérif Kouachi, forced their way into the offices of the French satirical weekly newspaper Charlie Hebdo in Paris. Armed with rifles and other weapons, they murdered 12 people and injured 11 others.”

Here is your direct link between counterfeits and murder.

#rep #dupe #bougieonabudget #fakes

When all three founders leave their own company, something is amiss.

🔗in bio to read the article on Vogue.com

When all three founders leave their own company, something is amiss.

🔗in bio to read the article on Vogue.com

❤️

Counterfeiting is not a victimless crime.

Counterfeiting is not a victimless crime.

ONE HUNDRED AND FIVE THOUSAND DOLLARS

ONE HUNDRED AND FIVE THOUSAND DOLLARS

While no one can predict the future, it’s not a good sign when a company as big as Nordstroms is closes this many locations or a whole country. 🔗in bio to article

While no one can predict the future, it’s not a good sign when a company as big as Nordstroms is closes this many locations or a whole country. 🔗in bio to article

How do we feel about this? 🔗in bio to the Rejuiced website…..😂that name!!!!

How do we feel about this? 🔗in bio to the Rejuiced website…..😂that name!!!!

It’s called reverse engineering and to all the companies that clickbait authentication tips but leave out any useful information because you don’t want to help the “counterfeiters”, that’s lame.

Don’t worry though, I’ve got you and if you want to learn how to authenticate, I’ll be sharing everything I know very soon and I’m not selling anything! #authentication #luxury #bags #resale #education #consignment @theofficialaia

It’s called reverse engineering and to all the companies that clickbait authentication tips but leave out any useful information because you don’t want to help the “counterfeiters”, that’s lame.

Don’t worry though, I’ve got you and if you want to learn how to authenticate, I’ll be sharing everything I know very soon and I’m not selling anything! #authentication #luxury #bags #resale #education #consignment @theofficialaia

It’s getting crowded in here!

It’s getting crowded in here!

That “authentication” fee was one of the dumbest decisions TRR has made but thanks to people like @shannon_truax its gone.

That “authentication” fee was one of the dumbest decisions TRR has made but thanks to people like @shannon_truax its gone.

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