MajorsDec 16, 2025
Pandora’s New CEO Will Step Up EarlyBerta de Pablos-Barbier will replace Alexander Lacik at the start of January, two months earlier than expected.
TechnologyMar 04, 2021
Kering Invests in Secondhand Luxury Site Amid Sustainability Push
Vestiaire Collective sells pre-owned luxury goods from brands like Tiffany, Cartier, Rolex, and TAG Heuer.
Kering invested millions in pre-owned luxury site Vestiaire Collective, which sells authenticated designer clothing and accessories. (Image courtesy of Anete Lusina from Pexels)
Paris—Kering has made a multimillion-dollar investment in secondhand luxury site Vestiaire Collective as the conglomerate continues to emphasize sustainability in fashion.
The company behind brands like Gucci and Alexander McQueen teamed up with Tiger Global Management to provide $216 million in funding to the platform.
Founded in 2009, the pre-owned luxury platform allows users to buy and sell items on the site following an authentication process.
It stocks a variety of high-end brands, like Chanel and Prada, offering designer clothes and shoes as well as jewelry and watches.
Shoppers can find secondhand Tiffany & Co. and Cartier jewels as well as pre-owned Rolex and TAG Heuer watches.
By offering pre-owned items, Vestiaire Collective said it can extend the lifespan of pieces and help negate the environmental impact of overconsumption.
The company said its transaction volume more than doubled, while membership grew 90 percent year-over-year in 2020.
This investment will better position the site for future growth, Vestiaire Collective said, helping it to scale up its technology and data capabilities.
The platform will more than double the size of its technology team, creating 155 new positions, as it focuses on using artificial intelligence and leveraging data to improve the customer experience.
Following the investment, Kering holds about a 5 percent stake in the company and will be represented on Vestiaire Collective’s board of directors.
The pre-owned fashion sector has seen strong growth over the last three years, said Kering, and that has only accelerated during the pandemic.
Younger shoppers are driving the trend as their calls for sustainability grow louder.
RELATED CONTENT: In an Age of Purposeful Purchasing, Secondhand Diamonds Surge Ahead
“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,” said Maximilian Bittner, CEO of Vestiaire Collective, in a press release about the investment.
The number of secondhand pieces in people’s closets is predicted to grow from 21 percent in 2021 to 27 percent in 2023, said Kering.
The value of the secondhand sector could be worth more than $60 billion by 2025.
“Pre-owned luxury is now a real and deeply rooted trend, especially among younger customers,” said Kering CEO François-Henri Pinault in a statement.
“Rather than ignoring it, our wish is to seize this opportunity to enhance the value we offer our customers and influence the future of our industry towards more innovative and more sustainable practices.”
Kering recently placed seventh in the Corporate
Knights’ 2021 Global 100 Index, a benchmark for corporate sustainability, which measures factors like resource management and supplier performance.
The company ranked first in the clothing and accessory retail category for the fourth year in a row.
The company ranked first in the clothing and accessory retail category for the fourth year in a row.
More on Technology
The Latest
AuctionsDec 16, 2025
Suzanne Belperron, JAR Shine in Sotheby’s First Auctions at New HQSotheby’s held its first two jewelry sales at the Breuer building last week, and they totaled nearly $44 million.
Events & AwardsDec 16, 2025
TJS Now Accepting Scholarship Applications for 2026Winners will receive free registration and lodging for its fourth annual event in Detroit.
Brought to you by
Impacting Tomorrow TodayHow Jewelers of America’s 20 Under 40 are leading to ensure a brighter future for the jewelry industry.
ColumnistsDec 16, 2025
Beyond Unboxing: Creative Reveals to Drive Reach and EngagementHere are six ideas for making more engaging content for Instagram Reels and TikTok, courtesy of Duvall O’Steen and Jen Cullen Williams.
Weekly QuizDec 11, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
Events & AwardsDec 16, 2025
Diamonds Do Good Names 2026 Award RecipientsThe honorees include a notable jewelry brand, an industry veteran, and an independent retailer.
CrimeDec 15, 2025
Men Receive Life Sentences in Home Invasion Murder of Jeweler Carlos Jose Hernandez and Joshua Zuazo were sentenced to life without the possibility of parole in the 2024 murder of Hussein “Sam” Murray.
Brought to you by
Roseco Releases New Full-Line CatalogRoseco’s 704-page catalog showcases new lab-grown diamonds, findings, tools & more—available in print or interactive digital editions.
Policies & IssuesDec 15, 2025
Sara Yood Named Co-Chair of RJC Standards CommitteeYood will serve alongside Eduard Stefanescu, the sustainability manager for C.Hafner, a precious metals refiner in Germany.
IndependentsDec 15, 2025
M.S. Rau to Open Store in AspenThe New Orleans jeweler is also hosting pop-up jewelry boutiques in New York City and Dallas.
AuctionsDec 12, 2025
13.54-Carat Paraíba Tourmaline Sets Records at Christie’sSet in a Tiffany & Co. necklace, it sold for $4.2 million, the highest price and price per carat paid for a Paraíba tourmaline at auction.
MajorsDec 12, 2025
David Webb Reveals Ice-Cold Holiday Window DisplayThe jeweler’s “Deep Freeze” display showcases its iconic jewelry designs frozen in a vintage icebox.
CollectionsDec 12, 2025
Piece of the Week: Oscar Heyman’s Sphene RingTake luxury gifting to new heights this holiday season with the jeweler’s showstopping 12-carat sphene ring.
Events & AwardsDec 12, 2025
IGI Jewelry Design Contest Now Accepting SubmissionsThis year's theme is “Unveiling the Depths of the Ocean.”
TrendsDec 11, 2025
Pinterest 2026 Trend Report: Brooches, Bold Gold, Cool BlueIn its annual report, Pinterest noted an increase in searches for brooches, heirloom jewelry, and ‘80s luxury.
GradingDec 11, 2025
GIA to Offer Origin Determination for 3 More GemstonesStarting Jan. 1, customers can request the service for opal, peridot, and demantoid garnet.
IndependentsDec 11, 2025
Look Inside Day’s Jewelers’ Ninth StoreThe 111-year-old retailer celebrated the opening of its new location in Salem, New Hampshire, which is its third store in the state.
MajorsDec 11, 2025
Americas Gold Releases New Gold Chain CatalogThe new catalog features its most popular chains as well as new styles.
AuctionsDec 10, 2025
Francis Ford Coppola’s Watch Sells for $10.8MThe filmmaker’s personal F.P. Journe “FFC” prototype was the star of Phillips’ recent record-setting watch auction in New York.
WatchesDec 10, 2025
There’s A New Rolex Boutique in MiamiThe new location in the Design District pays homage to Miami’s Art Deco heritage and its connection to the ocean.
SurveysDec 10, 2025
Consumer Confidence Drops in November Inflations, tariffs, and politics—including the government shutdown—were among consumers’ top concerns last month.
SourcingDec 10, 2025
NAJA Announces Details for 2026 ‘Ace It’ Winter Conference“Longtime favorite” presenters, as well as first-time speakers, will lead talks and workshops at the annual event in Tucson next year.
Events & AwardsDec 10, 2025
MJSA Names 2025 Responsible Design Challenge WinnerSilas Smith of Meridian Metalworks won the challenge with his pendant that blends Australian and American landscapes.
AuctionsDec 09, 2025
‘Desert Rose’ Diamond Sells for $8.8M in Abu DhabiThe sale of the 31.68-carat, sunset-hued stone was part of Sotheby’s first series of events and auctions in Abu Dhabi.
ColumnistsDec 09, 2025
Holiday Sales Happen in December, Most Decisions Don’tMost customers who walk into your store this month have made up their minds. Your job is to validate their choice, Emmanuel Raheb writes.
TrendsDec 09, 2025
‘Once Upon a Time,’ Guzema Debuted Its Holiday CollectionThe collection features characters and motifs from Ukrainian folklore, including an enchanted mirror and a magic egg.
Events & AwardsDec 09, 2025
MJSA Showcase Pavilion Returning to JA New York The pavilion will be part of the 2026 JA New York Spring show, scheduled for March 15 to 17.
