Kering and Tiger Global led a $216m funding round in Vestiaire Collective.

Kering and Tiger Global led a $216m funding round in Vestiaire Collective, a global platform for desirable second-hand fashion, with participation from Bpifrance, Condé Nast, Eurazeo, Fidelity, Korelya Capital, Luxury Tech Fund and Vitruvian Partners. "This latest round of investment confirms the incredible trajectory of Vestiaire Collective, founded during the 2008 crisis, the model has clearly demonstrated its ability to continue to thrive during challenging conditions. The resale sector as a whole is experiencing rapid growth, especially amongst Millennial and Gen Z consumers, which will come to shape the retail landscape of the future. We are incredibly excited to welcome Kering and Tiger Global Management, both of which will be instrumental in our mission to build a more sustainable fashion industry and further grow our incredible global community," Maximilian Bittner, Vestiaire Collective CEO.