Click to Skip Ad
Closing in...

Condé Nast International Takes Stake in Vestiaire

The publisher led a $20 million investment in the Paris-based luxury e-commerce Web site.

Vestiaire Collective's Web site

PARIS — Condé Nast International announced Monday it has led a $20 million investment in Paris-based luxury e-commerce Web site Vestiaire Collective. 

Condé Nast, a division of Advance Publications, made its move alongside private equity firm Idinvest Partners and existing investors: London-based venture capital firms Balderton and Ventech.

This new investment — a first of its kind by Condé Nast International in France — comes after the investment in March in London-based, an online marketplace for high-end, independent fashion boutiques worldwide.

The investment came on the heels of investments in Monoqi, an online store for high-end, contemporary furniture and interior design, and in RenéSim, a luxury online jeweler.

Paris-based Vestiaire Collective was created in 2009 and now counts 1.5 million members.

load comments


Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.
blog comments powered by Disqus