The leading global platform for desirable second-hand fashion announces a new €178m (US$ 216m) financing round. Following a strong year that saw the platform’s transaction volume grow over 100% year-on-year, this financing round grants Vestiaire Collective unicorn status and ideally positions it for its next cycle of accelerated growth. Since its inception in … Read more
The Lauren Look: Ralph Lauren’s first subscription apparel rental. The idea is to offer consumers an innovative new channel to experience, engage and ultimately shop the luxury fashion brand. Ralph Lauren announced the introduction of ‘The Lauren Look,’ the Company’s first subscription clothing rental initiative, with the Lauren Ralph Lauren brand. Ralph Lauren is … Read more
As the watch industry is trying to find its future in ultra-niche and luxury products, a small group of watchmaking brands have the unique power to constantly capture the luxury consumer spend. Fine watches became another investable commodity. But does that make them a good investment? In a world of unpredictable and accelerating change, … Read more
eBay, one of the largest luxury watch marketplaces in the world, is launching “Authenticity Guarantee,” a new post-sale authentication service for all watches sold for $2,000 or more in the U.S. The new eBay service provides an extra layer of trust and confidence for shoppers browsing the nearly eighty thousand new, pre-owned and vintage … Read more
Resale market is a boost rather than a threat for luxury industry. Survey. Here is why Luxury Brands Should Celebrate the Pre-Owned Boom According to a new report, resale is a recruiting mechanism for luxury brands with second hand being a great way to boost sustainability. Second-hand sellers are predominantly first-hand buyers, says “Why Luxury … Read more
The new & pre-owned business aviation will continue to grow in size and scale. Market forecast The new & pre-owned business aviation will continue to grow in size and scale, hitting nearly $30bn per year in revenue by 2023, according to a new market forecast released by business aircraft sales and acquisitions specialist … Read more