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

The IoT Platform Market Just Consolidated: Smart Integrators Are Looking Elsewhere

Three platforms changed owners in 15 months. Your stack didn't change. Your risk profile did.

How Home-Based Healthcare is Improving Medical Accessibility Across India

The Indian health care industry has seen considerable transformation in recent times, primarily due to changes in patient demand and an increasing need for convenient and cost-effective health care. India is a country where high-quality health care facilities were available only in urban areas,...

Meta Platforms, Broadcom Partners to Co-Develop Multi-Gen Silicon AI Chips

Facebook parent Meta Platforms (NASDAQ: META) has expanded its partnership with Broadcom to co-develop...

Practo Names Srijesh Kumar as Global CPTO

India-based online doctor consulting platform, Practo has announced the appointment of Srijesh Kumar as...

Matrix Geo Solutions Wins ₹5.14 Crore Narmada Survey Project from MPSEDC

Matrix Geo Solutions Limited has received a Letter of Acceptance (LoA) from Madhya Pradesh...

Why Reliability and Security Are the New Differentiators in Enterprise Tech

For years, enterprises competed on features, scale, and speed. Today, the real differentiator is...

Trump Accuses Iran of Breaching Ceasefire, Warns Over Strait of Hormuz Transit

The US President Donald Trump has accused Iran of failing to allow adequate oil...

India’s Foreign Secretary Vikram Misri Holds Talks with FBI Chief Kash Patel

India’s Foreign Secretary Vikram Misri met FBI Chief Kash Patel in Washington on Thursday...

Sawai Capital Executes ₹300 Crore Structured Credit Transactions in Q4

A Gurugram-based wealth and investment platform, Sawai Capital, has executed structured credit transactions in excess of ₹300 crore during the fourth quarter, with deal...

Cisco Appoints Pete Shimer to Board, Daniel Schulman to Step Down

Cisco Systems (NASDAQ:CSCO) has appointed Pete A. Shimer to its board of directors, while...

Cisco Director Pete Shimer Files Initial Ownership Disclosure with SEC

Cisco Systems (NASDAQ: CSCO) board member Pete A. Shimer has filed an initial statement...

Buy vs Build in the AI Era: Why Enterprises Are Rethinking Technology Strategy

Every decade or so, a shift arrives that forces enterprises to rethink how they...

Cisco Report: Cybersecurity Remains Top Challenge as Industrial AI Adoption Expands

Cisco Systems (NASDAQ:CSCO) has released its latest State of Industrial AI Report, highlighting how...

Motilal Oswal Alternates leads $280 Mn Series E Round for KreditBee

India based digital lending platform KreditBee (KrazyBee Services PVT Ltd) has raised $280 million in a Series E funding round at a post money...

Cisco Appoints Pete Shimer as its board of directors

American multinational technology conglomerate, Cisco Inc (NASDAQ: CSCO) on Tuesday announced the appointment of Pete Shimer to its board of directors with the immediate effects. Shimer currently serves on the boards of Alaska Airlines, Korn Ferry and Synopsys, and is Executive Chair of the Cancer...

Cambodia Installs Statue Honouring Mine Detection Rat Magawa

Magawa, a landmine detecting rat who was awarded a gold medal for his service,...

GPS Renewables’ GPSR Arya Raises ₹500 Million from Axis AMC to Scale CBG Projects Across India

GPSR Arya, the asset platform of GPS Renewables, has raised ₹500 million in mezzanine...

How Modern Technology Enhances Efficiency and Performance of Residential HVAC Systems

Modern technology has revolutionized many aspects of our daily lives, and residential HVAC systems...

CredResolve Secures Pre-Series A round funding from Merak Ventures & Others

CredResolve, an India-based AI-powered debt collections infrastructure company, has raised a pre-Series A funding...

How to Avoid Distracted Driving on the Road

Driving on today's roads requires utmost attention and care. As automobiles evolve with advanced...

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...

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,...

The Future of Crypto Investing Is on Autopilot

When most people think about cryptocurrency investing, they envision charts fluctuating rapidly, traders responding...

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...

Buy vs Build in the AI Era: Why Enterprises Are Rethinking Technology Strategy

Every decade or so, a shift arrives that forces enterprises to rethink how they...

ASLI Appoints Rajagopal G as Chairman for 2026–28 Term

Association of Senior Living India (ASLI) has announced the appointment of Rajagopal G as...

realme Launches realme 16 5G in India with Dual 50MP Cameras, 7000mAh Battery

With a bid to strengthen its position in the mid range segment, realme has...

SatLeo Labs Raises $2.2 Mn Seed Round Led by Unicorn India Ventures

SatLeo Labs, a Gujarat-based space tech startup focused on capturing high-resolution thermal and visible...

How Graphics on Cars Can Boost Your Business

In today's competitive market, businesses are constantly looking for innovative ways to stand out...

Cisco Report: Cybersecurity Remains Top Challenge as Industrial AI Adoption Expands

Cisco Systems (NASDAQ:CSCO) has released its latest State of Industrial AI Report, highlighting how...

The Future of Crypto Investing Is on Autopilot

When most people think about cryptocurrency investing, they envision charts fluctuating rapidly, traders responding...

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...