Clothing & ShoesLuxury Goods

Kering backs Vestiaire Collective in £154m investment round

Gucci’s owner will now control a 5% stake in the second-hand fashion brand

Vestiaire Collective, a global platform for second-hand fashion, has announced the completion of a £154m investment round, backed by Gucci’s owner, Kering, alongside Tiger Global Management, a US investment firm.

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