Luxury fashion marketplace Vestiaire Collective is extending its partnership with luxury fashion ecommerce site from Europe to the U.S.

“The service will be dedicated to MyTheresa’s top clients based in the U.S., offering them more circular fashion consumption options. The successful expansion of this partnership illustrates the fashion industry’s shift towards more sustainable practices; which has been our mission from day one,” announced Vestiaire on LinkedIn.

The France-based company said the “unique resale service” would bring its customers greater choice, adding that this was “the first time that a multi-brand retailer is embracing resale in a comprehensive way — for MyTheresa to encourage their community to sell back items is a huge deal for circular fashion!”

Maximilian Bittner, Vestiaire Collective CEO, said, “We’re confident that U.S. customers will appreciate our trustworthy authentication service and the simplicity of our platform, which has already been met with resounding success in Europe. By introducing more luxury consumers to resale, we hope to amplify its importance in building a more sustainable and inclusive fashion industry.”

The two companies launched their resale service in June 2021.

Michael Kliger, MyTheresa CEO, said, “After great success in Europe, we’re excited to bring our unique and innovative partnership with Vestiaire Collective to the hugely important U.S. market. The resale service will provide a real benefit to our loyal U.S. customers by giving their designer pieces a second life, while at the same time we fulfill our ESG commitment to drive circulatory within the industry.”

The news comes just days after Vestiaire announced its entry into South Korea, following launches in Hong Kong, Singapore and Australia.

Vestiaire Collective is the leading secondhand luxury fashion marketplace in France. Launched in Paris in 2009, it has offices in Tourcoing, London, Berlin, New York, Hong Kong, Singapore, Lisbon, and Seoul.

Brands such as Cartier, Chanel, Dior, Gucci, Louis Vuitton, Prada and Rolex are traded on the site.

Investors in the marketplace include France-based luxury group Kering SA, private equity firm Eurazeo SE, Japan’s SoftBank Group Corp, U.S.-based investment firm Tiger Global Management and Vogue publisher Conde Nast, according to Reuters.

Its competitors in the luxury fashion space include The RealReal, The Next Closet, Luxify, Rebelle, and VideDressing.

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