Added: Aug 04, 2021
Last edited: Aug 10, 2021
Vestiaire collective is an online marketplace for pre-owned luxury and fashion items.
The rapid purchase-to-discard ratio of fast fashion and piling up of clothing in landfills, often made from synthetic materials which do not decompose easily. When consumers throw away clothing in the garbage, not only does it waste money and resources, but it can take 200+ years for the materials to decompose in a landfill. During the decomposition process, textiles generate greenhouse methane gas and leach toxic chemicals and dyes into the groundwater and our soil. There is also the unmet potential of clothing which could be resold, and its lifetime extended- as opposed to manufacturing new clothing which requires more energy and water use, and is associated with more carbon emissions. Finally, there are lack of incentives for people to responsibly pass on/resell their unwanted clothing due to the associated costs- be that time or monetary (e.g. shipping).
Vestiaire Collective addresses these problems through providing an easy way to redirect unwanted clothing and thus divert it from landfills. It also provides a second-hand marketplace thus encouraging buying second hand and diverting ‘new new’ purchases, thus hopefully slowing down resource depletion.
With a new funding round in 2021, the company plans to further develop partnerships with brands through buy-back circular solutions. The company also wants to encourage more people to sell something every time they buy something. Vestiaire Collective aims to be carbon neutral by 2026 and get the B Corp certification.
Reduce Emissions (SDG13)
Reduce Material Consumption (SDG12)
Minimise Waste (SDG12)
Save Water (SDG6)
Reduce Energy Consumption
resale
luxury