Since its inception in 2009, Vestiaire Collective has been committed to challenging overproduction and overconsumption in the fashion world. Last year, the company took a significant step by granting shares to all its employees. Now, in 2024, the platform is extending this opportunity to its community, recognizing its crucial role in fostering conscious fashion consumption.
"In 15 years, Vestiaire Collective's community of fashion lovers has played a pivotal role in demonstrating that fashion can be consumed more consciously, favoring quality over quantity. This shift in mindset has significantly contributed to changing the entire industry for the better," said Maximilian Bittner, CEO of Vestiaire Collective.
The community equity raise offers a unique chance for customers to directly participate in Vestiaire Collective's journey towards a more sustainable and ethical fashion industry. Customers who pre-register on Crowdcube's dedicated page by February 6th will gain early access to the campaign when it officially launches.
Notably, participants in the equity raise will join the ranks of prominent global investors, including Eurazeo, Condé Nast, Bpifrance, Kering, and Generation Investment Management, as shareholders in Vestiaire Collective.
Maximilian Bittner expressed his optimism for the coming year, stating, "On the back of our continued success, 2024 will be a pivotal year for Vestiaire Collective. We aim to continue gaining market share in the global fashion industry and reach profitability towards year end. Through this community fundraising, our engaged customers can take an even more active role in shaping a more sustainable future for fashion."
Fashion enthusiasts are encouraged to sign up now and be part of this transformative initiative, contributing to a positive change in the fashion industry while reaping the benefits of shared ownership in Vestiaire Collective. Together, they can play an integral role in building a more sustainable and conscious future for fashion.
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