VESTIAIRE COLLECTIVE

KERING INVESTMENT

The Kering Group has acquired a 5% stake in luxury re-sale platform Vestiaire Collective. The investment marks a growing shift in luxury companies seeking to improve their sustainability credentials by investing in circular economies. The investment is a win-win for both parties; Kering’s brands can explore new channels to monetize their unsold inventories and returned products, while Vestiaire can have better control over counterfeits and access a more desirable range of inventory. Kering’s investment pushes Vestiaire’s market valuation to over 1 billion USD.