Vestiaire Collective Provides Giglio.com to Secondhand Companions – WWD

MILAN — Italy’s Giglio.com is the third luxurious e-tailer to crew up with Vestiaire Collective globally, getting into the resale mannequin, seen general as a powerful driver for the high-end sector.  

Following within the footsteps of Mytheresa and LuisaViaRoma, which inked comparable offers over the previous couple of years, the publicly listed on-line purchasing vacation spot is leveraging Vestiaire Collective’s prowess and fairness within the secondhand market to launch its personal round undertaking.

It is going to allow its prospects to promote their beforehand worn fashions in change for credit to be spent on new items on the e-commerce website. Giglio.com will provide shoppers adopting the service a premium on every offered merchandise akin to 10 p.c of the offered good’s worth.

“This prestigious partnership seamlessly marries our value-driven trajectory when it comes to environmental sustainability and round financial system awareness-raising strategy within the trend trade,” stated Giuseppe Giglio, president and chief government officer of Giglio.com.

The undertaking kicks off Thursday and is prolonged to prospects in Europe, the U.Ok. and the U.S. Each e-commerce platforms will launch a touchdown web page devoted to the initiative, which can contain round 50 manufacturers at begin.

“Offering our shoppers with the likelihood to present a second likelihood to their clothes is a brand new step towards a extra accountable purchasing expertise, strengthening our positioning as pattern setters within the sector,” Giglio stated.

The retailer, which has operated 5 bodily boutiques in Palermo, Italy, since 1965, and added an internet platform in 1996, posted gross sales of 51.1 million euros in 2022, up 35 p.c year-over-year. In 2021, the corporate landed on the Milan Bourse, itemizing its shares on the AIM Italia, the Inventory Change’s program devoted to small and medium-size corporations.

Dounia Wone, chief influence officer at Vestiaire Collective, touted the partnership as one other step in spearheading a round transition of the style sector.

“We’re enthusiastic to maintain collaborating with a few of the most necessary gamers within the sector to form a extra sustainable future,” she stated. “Our optimistic influence on the style trade grows as our collective [of partnering companies] will increase,” she added.