Kering and Tiger Global and others have invested $216 million in the luxury resale platform.
Korelya, Vaultier7, Fidelity International funds and Cuir Invest have backed the resale platform, despite coronavirus jitters.
According to the Institut Français de la Mode, 40 percent of French consumers bought at least one secondhand item in 2019.
Launched last year, Abiby is on the radar of local beauty customers and companies such as Vestiaire Collective, Colmar and Cosmoprof.
It’s not just ecological considerations potentially driving the growth — shoppers are also on the hunt for bargains.
The luxury resale web site debuted a pop-up of vintage evening gowns, some dating back to the Sixties, at the Tearose boutique in Milan.
Blanchet used to head up Vestiaire Collective’s vintage business.