A unicorn is born 💥
Gucci owner Kering has hit the headlines after snapping up a 5% stake in French consignment e-tailer Vestiaire Collective.
Kering and Tiger Global Management invested $216M in the latest funding round, valuing Vestiaire at over $1B – granting the company elite “unicorn” status.
According to Vestiaire, the value of the secondhand sector is forecast to be worth over $60B by 2025.
But what does the digital data have to show? Here's what we found: