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Paris-based fashion resale platform Vestiaire Collective has announced the appointment of Bernard Osta as chief executive, succeeding Maximilian Bittner, who has led the company for the past seven years.
Osta joined Vestiaire Collective in May 2021 and has held senior leadership roles including chief strategy officer and, most recently, chief financial officer.
The company, which last year said it was exploring a potential stock market listing after reaching profitability, described the appointment as the beginning of a “new chapter” in its development.
Before joining the company, Osta spent 15 years in investment banking, working at Lazard and Goldman Sachs in New York and Paris. He also serves as an independent member of the supervisory board of media and entertainment group Vivendi.
A spokesperson for Vestiaire Collective’s board of directors said: “We want to thank Maximilian Bittner for his dedication and the significant role he has played in the development of the company since he joined in late 2018. We wish him every success in his future professional projects.
“Looking forward, we are very happy to open a new chapter under the leadership of Bernard. We have worked very closely with him since he joined Vestiaire Collective. His intimate knowledge of the company, international experience and great leadership will be invaluable assets for Vestiaire Collective in its next phase of growth.”
Osta added: “Vestiaire Collective has secured a unique position as the ultimate trusted marketplace in the highly attractive pre-loved luxury fashion industry. Together, we will continue to transform fashion by giving a second life to the most desirable pieces, at the service of a more sustainable model.
“This is a particularly exciting moment for the company. With the rise of AI, we have an extraordinary opportunity to accelerate on our product roadmap, deliver the most engaging customer experience and gain market share.”
Founded in 2009, Vestiaire Collective connects buyers and sellers of second-hand designer fashion across more than 80 countries.
