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PARIS – French fashion resale specialist Vestiaire Collective has launched a crowdfunding campaign to raise at least €1 million ($1.09 million) from individual investors as it looks to become profitable by the end of the year and potentially launch an IPO.

Already backed by luxury fashion conglomerate Kering and private equity firm Eurazeo, the crowdfunding programme is open to anyone over age 18 in Europe and the UK. It is priced at €1.78 ($1.94) per share, valuing Vestiaire at €1.1 billion ($1.19 billion), a figure that is in line with its November 2023 funding round.

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