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Second-hand style app Vestiaire Collective turns decluttering into billion-dollar enterprise – NEWPAPER24

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Second-hand style app Vestiaire Collective turns decluttering into billion-dollar enterprise

2021-03-01 16:45:09

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French luxurious conglomerate Kering has purchased about 5 per cent of Vestiaire Collective, boosting the worth of the web reseller of Chanel jackets and Prada purses to greater than US$1 billion.Attracting one of many largest names in style as a backer is a feather in Vestiaire’s hat. Kering manufacturers resembling Gucci, Saint Laurent, Bottega Veneta and Balenciaga design merchandise to final greater than a lifetime and retain appreciable worth.Vestiaire expenses about 20 per cent fee for gadgets offered over…

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