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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 Farfetch.com, an online marketplace for high-end, independent fashion boutiques worldwide.
The Farfetch.com 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.