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He also put his name to the label's first line of watches with the Chanel Première watch. Over the course of successive collections, he managed to establish his style while at the same time respecting the founder's legacy. In 1982, fashion designer Karl Lagerfeld succeeded Coco Chanel at the head of creative design. It proposes in particular high jewellery collections and lines of leather goods, amongst which we find the 2.55 quilted bag, a legendary model synonymous with the Chanel spirit. The Chanel label is today present in different sectors of the luxury industry.
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As Coco Chanel used to say " Fashion goes out of fashion, style never does".
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Combining elegance with simplicity in a style revolving around black and white, her designs stood out through their timeless cuts and unexpected details. Inspired by a more masculine wardrobe, she pursued her revolution, embellishing her clothes with buttons and uniform braids, and introducing Breton tops, cardigans and trousers into the feminine wardrobe. Coco Chanel modernised the famous little black dress, black until then being the colour reserved for mourning. With her, restrictive corsets disappeared, replaced by simple dresses and tweed suits. Visionary, the woman known as Coco Chanel aspired to take part in the feminine revolution that was, at the time, still brewing. Success followed, even leading her to open a second boutique, then a third and a fourth, although she was no longer only selling hats. A few years later, she became an accomplished seamstress and opened her first hat design workshop in Paris. Orphaned when she was 12 years old, she started to work at a very young age in a dressmaking business. Responsible for it all, a young hat designer.īehind the iconic brand, lies a woman, Gabrielle Chanel. With know-how worthy of the greatest, the label also puts its name to numerous collections of leather goods and jewellery. A symbol of luxurious, refined fashion, the company, founded in 1910 is famed all around the world for its haute couture creations and lines of perfume, like the ultra-famous N★. “As of January 2021, local sellers in those regions had increased their items sold by more than 250% year-over-year,” Tiger Global partner Griffin Schroeder said in the release.No brand embodies French-style chic better than Chanel. While Vestiaire Collective originally started in Europe, the company is now growing rapidly in the U.S. Similarly, people can sell their stuff instead of throwing it away. That’s why Vestiaire Collective is particularly well-positioned to find new customers who are looking for quality goods that are going to last for a while and that haven’t been specifically produced for them. At the higher end of the spectrum, luxury brands don’t want to undermine the value of their goods by putting items on sale to clear room for a new collection. At the lower end of the spectrum, retailers and fast fashion brands encourage you to buy more and more stuff as trends change with each season. In addition to the current pandemic, many consumers are concerned about the impact of fashion on the environment. There are 140,000 new listings every week. Transaction volume doubled in 2020 compared to 2019. Many fashion e-commerce companies have been thriving during the coronavirus outbreak, and Vestiaire Collective is one of them. In addition to the two lead investors, many of the company’s existing shareholders are investing once again, such as Vestiaire Collective’s own CEO Max Bittner, Bpifrance’s Large Venture fund, Condé Nast, Eurazeo through Eurazeo Growth and Idinvest Venture, Fidelity International, Korelya Capital, Luxury Tech Fund and Vitruvian Partner.Īs you may have noticed, it’s been a bit harder to travel and buy fashion items in stores. If you opt for direct shipping, you can get reimbursed if there’s something wrong with what you ordered. The company controls and authenticates some items before they reach the buyer. And it’s a complicated industry, as you don’t want to buy a damaged item or a cheap knockoff. The startup operates an online marketplace where you can find pre-owned luxury and fashion items. Kering now owns 5% of Vestiaire Collective. French fashion and luxury group Kering is leading the round with Tiger Global Management. The company has raised $216 million, or €178 million - it has reached a valuation above $1 billion, making it a unicorn. Vestiaire Collective announced a new funding round.