Vestiaire Collective Bans Industry Giants From Platform In A Second Wave Of The Fight Against Fast Fashion

Date:

Trending

- Advertisement -

PARIS, Nov. 17, 2023 /PRNewswire/ — Starting today, Vestiaire Collective, the leading global second-hand luxury fashion platform, announces it is banning a second wave of fast fashion brands from its platform. This marks the second year in a three-year rollout to ban all fast fashion from Vestiaire Collective’s website. Following last year’s initial announcement, Vestiaire Collective saw 70% of members impacted by the ban come back to the platform to shop for better quality items and invest in second-hand. Furthering their commitment to create a more circular economy, Vestiaire Collective worked with a committee of nine fashion and sustainability experts to create a clear definition of fast fashion and leverage this framework to ban industry giants from its website.

BANNED BRANDS AND DEFINING FAST FASHION
Banning more fast fashion from Vestiaire Collective’s website will spark debate, however, with the climate crisis accelerating and ninety-two million tons of textile waste thrown away every year1, it is a necessary step to reduce fashion’s environmental and social impact. As part of the company’s mission to change the way people consume, Vestiaire Collective will utilize the platform to bring awareness to issues of textile waste and fashion overconsumption, as well as encourage other key fashion players to join the mission to change the industry. After a year of research and planning, starting today, Vestiaire Collective proudly bans a list of 30 brands including: Abercrombie & Fitch, Gap, H&M, Mango, Uniqlo, Urban Outfitters, and Zara among others.
Vestiaire Collective gathered key industry experts to help build a framework defining fast fashion based on the five criteria fueling overproduction and overconsumption:
Low price point: estimated average price point, also considering the repairability componentIntense renewal rate: the estimated number of collections or number of new items drops per yearWide product range size: the number of items available at a given momentSpeed to market: the production cycle time, from designing phase to finished goods in storeStrong promotion intensity: the frequency and intensity of sale promotionsVestiaire Collective’s nine industry and sustainability committee members were selected based on their expertise and strong understanding of fast fashion’s negative environmental and social impact. The experts gave their in-depth opinion and analysis of the fast fashion market. The members include:
1 (Source: Ellen MacArthur Foundation)
Orsola de Castro, Co-founder of Fashion Revolution and authorRachel Cernansky, Senior Sustainability Editor at Vogue BusinessChristina Dean, Founder and Board Chair of NGO Redress and Founder and Chief Operating Officer of The R CollectiveEva Kruse, Chief Global Engagement Officer Pangaia, Founder of the Global Fashion AgendaLiz Ricketts, Co-founder and Director of The Or FoundationLauren Singer,  Managing Partner, Overview CapitalFrançois Souchet, Global Head of Sustainability and Impact Consulting at BPCM, Former lead “Make Fashion Circular” at Ellen MacArthur FoundationLucianne Tonti, Fashion journalist and authorMatteo Ward, Co-founder of Wrad living, activist, UN/CEFACT advisor”The decision to ban fast fashion was made to support Vestiaire Collective’s long time work to promote alternatives to the dominant model of fashion. Fast fashion brands contribute to excessive production and consumption, resulting in devastating social and environmental consequences in the Global South. It is our duty to act and lead the way for other industry players to join us in this movement, and together we can have an impact.” noted Dounia Wone, Chief Impact Officer, Vestiaire Collective.
EDUCATION AND AMPLIFICATION
Vestiaire Collective knows that banning fast fashion only works if consumers shop more consciously, and the company encourages buyers to think critically about their purchasing habits and the true impact of their choices. Vestiaire Collective created an educational journey for buyers and sellers who will see informational messages at every step of their shopping or listing experience. They will also receive practical alternatives for their existing fast fashion items via an online guide with resources for donation strategies and sustainability insights. Vestiaire Collective also commits to educating companies on the benefits of sustainable operations as well as evaluating existing relationships with partners and influencers based on their current practices.
To create awareness, Vestiaire Collective is launching a global campaign “Think First, Buy Second” across its digital channels. The campaign leveraging AI technology, will include a video and visuals of piles of clothes located in some of the most recognizable locations of the Global North, such as Times Square, or The Eiffel Tour to replicate what textile waste and landfills would look like in consumers’ own countries. The campaign will encourage social media users to take the pledge in an effort to turn Black Friday into a Better Friday. Participants can choose between pledging to only buy second-hand this Better Friday, until the end of the year, in 2024 or to stick to second-hand forever.
ADVOCACY AND LOBBYING
As part of the creation of an Extended Producer Responsibility (EPR) framework for textiles currently under discussion at the European Parliament, Vestiaire Collective has drawn up a position paper advocating greater transparency in the regulation of end-of-life and textile waste exports. The Company has called on the European Parliament and all industry stakeholders to address the urgency of textile waste.
Today, France is the only European country to benefit from an Extended Producer Responsibility (EPR) system that the European Commission proposes to expand to all European countries. Vestiaire Collective and Paris Good Fashion have conducted research and examined the shortcomings of the French system, which still relies heavily on the mass export of textiles, in order to propose a responsible and circular management of used garments, on a sound and solid basis, within the European Union and worldwide.
About Vestiaire Collective
Vestiaire Collective is the leading global platform for pre-loved luxury fashion. The company’s mission is to transform the fashion industry for a more sustainable future, promoting the circular fashion movement as an alternative to overproduction, overconsumption and the wasteful practices of the industry. Driven by the philosophy “Long Live Fashion,” Vestiaire Collective offers a trusted space for its community to prolong the life of its most-loved fashion pieces. The platform’s innovative features simplify the selling and buying process and give its members access to one-of-a-kind wardrobes around the world. The company boasts a curated catalog of five million rare and highly desirable items. Founded in Paris in 2009, Vestiaire Collective is a Certified B Corporation® and is active in 80 countries worldwide. To learn more, download the app, visit vestiairecollective.com and follow @vestiaireco o n Instagram.
Video – https://mma.prnewswire.com/media/2280287/Vestiaire_Collective.mp4Photo – https://techgraph.co/wp-content/uploads/2023/11/Visual_Vestiaire_Collective.jpgLogo – https://techgraph.co/wp-content/uploads/2023/11/Vestiaire_Collective_Logo.jpg
 
 
 
 

- Advertisement -

View original content:https://www.prnewswire.co.uk/news-releases/vestiaire-collective-bans-industry-giants-from-platform-in-a-second-wave-of-the-fight-against-fast-fashion-301992222.html

- Advertisement -

THE SNAPSHOTS

Sign up to get quick snaps of everyday happening, directly in your inbox.

- Advertisement -

We don’t spam! Read our privacy policy for more info.

- Advertisement -

More Latest Stories

More Articles

Closing India’s Employability Gap with Tech-First Hiring Models

India’s employability challenge is often framed as a skill gap problem. But that’s only half the story. The real gap lies in reach and engagement. As...

Vanguard Group Reports Nvidia Stock Below 5 Percent

The Vanguard Group has reported that it now holds less than a 5% stake in NVIDIA Crop (NASDAQ:NVDA), following an internal realignment of its business structure. The disclosure was made in a regulatory filing dated March 13, 2026, which showed that Vanguard no longer reports...

Vanguard Reports Stake Below 5% in Google’s Alphabet

The Vanguard Group has reported that it now holds less than a 5 percent...

Vanguard Group Reports Ownership Below 5% in Apple Following Internal Realignment

The Vanguard Group has reported that it now holds less than a 5% stake...

NIELIT, SKD University Sign MoU to Expand AI, Cyber Security and Data Science Education in Rajasthan

The National Institute of Electronics and Information Technology (NIELIT) and Shri Khushal Das University...

VES College of Architecture’s Dr. Prof. Anand Achari on Preparing Students for Real Urban Challenges with AI and Design Thinking

Speaking with TechGraph, Principal of VES College of Architecture (VESCOA), Dr. Prof. Anand Achari,...

How NBBL’s New Technology Stack Is Transforming the Future of Payments

India’s digital payments ecosystem has reached a scale that very few countries in the...

NVIDIA CEO Jensen Huang Reports 437,908 Shares Disposal at $181.93 Each

Jensen Huang, President and CEO of Nvidia Corporation (NASDAQ:NVDA), has reported a series of...

Concord Control Systems Secures INR 84 Cr Order From Indian Railways For Loco Wireless Control Systems

Concord Control Systems Limited (BSE: CNCRD), a manufacturer of embedded electronic systems and a critical electronic solutions company, has secured an order worth ₹84.68...

The Future of Shopping: How Apps Are Merging Beauty with Basics

Shopping in India is evolving very fast. Instead of opening different apps for different...

How Anganwadi’s Can Transform India’s Education Foundation

If you step into an Anganwadi on any given morning, what you’ll see is...

Business Structure for Modern Entrepreneurs: What No One Explains Clearly

Modern entrepreneurs often obsess over product-market fit while neglecting the structural bones of their...

Deeptech Startup Newtrace Secures $6.3 Mn in Pre-Series A Round

Bengaluru-based deeptech startup Newtrace has raised $6.3 million (INR 56.93 crore) in a pre-Series...

Mozark Snaps $40 Mn In Series B Round Led by IFC and RMB Capitalworks

Mozark, a Singapore-based company specializing in digital experience testing and measurement, has raised $40 million in a Series B round led by International Finance...

Role of Agentic AI in transforming the real estate landscape

The real estate industry involves a high-stakes ecosystem driven by shifting supply-demand dynamics, regulatory changes, and several other economic factors. Every stage from evaluating land to designing projects, projecting cash flows, managing construction, marketing properties, and supporting post-sales operations involves interdependent decisions that can...

How to Extend Vehicle Lifespan With Proper Maintenance

Extending the lifespan of your vehicle is not only cost-effective but also beneficial for...

Geospatial Intelligence Is Powering India’s Next Wave of Smart Infrastructure

Every day, nearly 500 families in India receive news that will change their lives...

Is India Ready for a Smart Treasury? A Look at Adoption Barriers and Opportunities

Across India, businesses hold thousands of crores in current accounts that earn no interest....

Fraud or Finance? How to Identify Trustworthy Digital Lending Platforms

Digital lending has changed how credit flows in India. According to the IBEF, fintech-led...

What Modern Enterprises Can Expect from CPaaS Platforms in 2026

Over the past two decades, enterprise communication technology has advanced rapidly. Yet the gap...

Choosing glass for perfume bottles? Watch for breakage and leaks

You want your perfume bottle to look great and arrive safely. That’s easiest when...

B2B Logistics platform Mojro Draws $3Mn for IAN Alpha Fund & Others

Bengaluru-based B2B logistics platform Mojro has raised $3 million in a Series A funding...

Peak XV Partners Closes $1.3 Bn in Fresh Capital to Back Startups Across India and APAC

Peak XV Partners (formerly Sequoia Capital India & SEA) has closed $1.3 billion in...

LTM partners with the Indian Institute of Creative Technologies to strengthen creative technology skilling

LTM, a Larsen & Toubro Group company, and the Indian Institute of Creative Technologies...

Business Structure for Modern Entrepreneurs: What No One Explains Clearly

Modern entrepreneurs often obsess over product-market fit while neglecting the structural bones of their...

Understanding Common Car Problems and How to Prevent Them

Keeping your vehicle in top condition requires more than just regular washing or occasional...

From Browsing to Buying: How Multi-Modal AI Is Turning Discovery Into Decision-Making

The digital journey, starting from discovery to decision, has been notably discontinuous through time....

From vineyard to bottle: How blockchain improves trust and sensing in the wine value chain

The wine sector faces increasing consumer demand for transparency, authenticity, and reliable information about...

Why India’s Next Cloud Boom Is Coming from Tier-2 Cities

Historically, the story of India's cloud adoption has been focused on the metro cities...

Deeptech Startup Newtrace Secures $6.3 Mn in Pre-Series A Round

Bengaluru-based deeptech startup Newtrace has raised $6.3 million (INR 56.93 crore) in a pre-Series...

Peak XV Partners Closes $1.3 Bn in Fresh Capital to Back Startups Across India and APAC

Peak XV Partners (formerly Sequoia Capital India & SEA) has closed $1.3 billion in...

Inflection Point Ventures leads INR 4 Cr seed round in Fintech Startup Roopya

West Bengal based no-code ‘lending-as-a-service’ platform Roopya has raised INR 4 Crore in a...

LTM partners with the Indian Institute of Creative Technologies to strengthen creative technology skilling

LTM, a Larsen & Toubro Group company, and the Indian Institute of Creative Technologies...