Must Read: Vestiaire Collective Acquires Tradesy, Telfar To Open Flagship Store in New York
Photo: Imaxtree
These are the stories making headlines in fashion on Wednesday.
Vestiaire Collective acquires Tradesy
Two female-founded resale powerhouses have joined forces: Paris-based secondhand luxury marketplace Vestiaire Collective announced the purchase of American peer-to-peer resale platform Tradesy on Tuesday. The respective CEOs of both companies will continue to serve in their roles for the joint venture. "Customers of both Vestiaire Collective and Tradesy will significantly benefit from the companies' alliance," the press release states. "Sellers will see their product reaching a much broader audience, in the U.S. and globally, therefore optimizing the overall sale process. Buyers will be presented with an even broader selection of highly desirable pre-loved fashion goods, therefore enhancing their purchase experience." {Fashionista inbox}
Telfar to open flagship store in New York
Telfar will open a store in New York City later this year, so gird your wallets. The designer revealed the news in an interview with The Breakfast Club. While Clemons did not disclose a location, we're confident that the fashion pack will happily travel great distances to purchase cult-favorite bags from the brand. {Essence}
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