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Vestiaire Collective’s fast-fashion ban: clever or counterproductive?

Inside Retail

Last November, international fashion resale platform Vestiare Collective shocked the apparel industry by banning the trade of ‘fast-fashion’ labels. Wone, who joined Vestiaire Collective in March 2020, said the ban underlines Vestiaire Collective’s founding mission – to drive collective change towards a circular fashion economy.

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Frasers vs Next: How big are their growing retail empires?

Retail Gazette

Frasers Group stated that at the time of the acquisition, that the online fast fashion retailer owed £13m to its shareholders. USC Acquired: 80% stake in 2011, fully owned 2015 Frasers Group, then Sports Direct, bought an 80% stake in USC from Scottish entrepreneur Sir Tom Hunter for £7m in July 2011.

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