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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.
Fulfilment by GlamCorner now sees the platform handling the logistics of clothing rental on behalf of fashion brands, including warehousing, cleaning, shipping and returns, and giving brands their own rental stores, which they can embed in their e-commerce sites and promote to customers. The ‘Attenborough’ effect.
Frasers Group stated that at the time of the acquisition, that the online fastfashion 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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