Vestiaire Collective: departure of co-founder Fanny Moizant

After sixteen years at the helm of the project she launched in Paris in 2009 with Sophie Hersan, Fanny Moizant confirmed on LinkedIn that she was leaving the company, specifying that this decision was neither her own nor anticipated: “It was not a decision I made,” she wrote, emphasizing her gratitude for the Vestiaire Collective adventure.

Her departure comes amid a period of profound internal restructuring, following the departure in October 2025 of CEO Maximilian Bittner, who was replaced by Bernard Osta, former head of finance and strategy (formerly of Lazard and Goldman Sachs). According to several observers, these changes reflect a desire to reorganize the company, likely under pressure from investors seeking to improve performance and profitability as the luxury secondhand market becomes more competitive.

Since its creation, Vestiaire Collective has established itself as one of the world's leading platforms for buying and selling pre-owned luxury clothing and accessories. Present in more than 70 countries, it boasts a catalog of several million items per year and a very active international community.

Financially, although the company does not systematically publish its results, recent estimates indicate a valuation of around €1.5 billion.

Vestiaire Collective has attracted major investors over the years, notably the Kering group, which joined the capital in 2021. The company has raised multiple rounds of funding, including a significant €178 million in 2021 from Kering and Tiger Global Management, which elevated it to French unicorn status.

Vestiaire Collective's model is based on a combination of sustainability, quality, and authenticity, which are strong assets in the face of increased competition from other platforms. Its commitment to circular fashion has earned it B Corp certification, a label particularly prized by young consumers who are sensitive to the environmental impact of their purchases.

However, this positioning raises difficulties. The luxury resale market is experiencing strong growth, driven by global trends toward more responsible consumption, but it is also becoming more fragmented, with local and international players seeking to capture market share.

The departure of Fanny Moizant raises questions about Vestiaire Collective's long-term strategy. Is it a refocusing on economic performance or a more profound transformation of the existing model? The stakes are high in the secondhand luxury market, which is expected to reach approximately $360 billion in revenue by 2030, according to a report published in October 2025 by Boston Consulting Group (BCG) and Vestiaire Collective.