While much of the conversation around resale involves womenswear, we can’t ignore that there’s a large potential market for menswear as well.
Vestiaire Collective
So it’s interesting that one of the global resale leaders, France’s Vestiaire Collective, has just launched menswear as a dedicated new category along with its first report on men’s circular fashion.
It’s a key part of the business’s strategic development to expand further into menswear, a category that has long had a presence on the site but that hasn’t been pulled out and given a starring role.
This comes as the men’s assortment has expanded by 88% over the past three years, making it one of the platform’s fastest-growing segments.
Since launching in 2009, Vestiaire Collective has become a major name in luxury fashion resale yet with a particular skew towards womenswear.
But it said that menswear now represents “a new frontier in resale, opening the door to a fast-growing — and often younger — audience”. Some 59% of its male customers are Millennials or Gen Z, compared to 50% of women, and it thinks this demographic shift “confirms the role of men as key drivers of the next wave of circular fashion”.
Meanwhile, the report takes deep dive into the “fast-evolving dynamics of men’s luxury resale”, uncovering how men shop and sell pre-owned fashion, looking at the brands and cult pieces they’re investing in, and mapping global menswear style trends.
And it’s interesting that the company said a massive 70% of men buy their luxury fashion with resale potential front of mind.
The report reveals that men go down the resale route for several reasons. Some 74% are value-focused, citing “good deals and affordability as their top motivation”.
But they’re also looking for exclusivity. The e-tailer said that “rare, unique, and limited-edition pieces are increasingly sought after, from Balenciaga’s AW2021 ‘Armor’ gloves to a brand-new Audemars Piguet Royal Oak Double Balance in yellow gold, which are all available on the platform”.
Sustainability is also a concern, although it ranks lower than value with ‘only’ 39% of men citing environmental benefits as a key driver.
But as mentioned, buying new with resale in mind is a growing trend as the aforementioned 70% of men also report that “they care for their items knowing they might resell them, turning their wardrobe into a dynamic, circular asset”.
So just what are they interested in buying secondhand? The platform’s most viewed items are Louis Vuitton bags and Rolex watches, but rising brands include Ami (+300%), Zegna (+260%), and Jean Paul Gaultier (up 200% year on year).
Meanwhile the top categories sold are perhaps unsurprising — jackets, sneakers, and sweaters – “the pillars of the modern male wardrobe”.
Vestiaire Collective CEO Maximilian Bittner said:“Menswear has become one of our fastest-growing segments, reflecting a fundamental shift: men are now intentional luxury resale participants who value exclusivity, accessibility to luxury at better price points, and investment potential. This launch reinforces our multi-category strategy and positions us to capture this significant market opportunity.”
The demerger of Unilever‘s ice cream division, to be named ‘The Magnum Ice Cream Company,’ which had been delayed in recent months by the US government shutdown, will finally go ahead on Saturday, the British group announced.
Reuters
Unilever said in a statement on Friday that the admission of the new entity’s shares to listing and trading in Amsterdam, London, and New York, as well as the commencement of trading… is expected to take place on Monday, December 8.
The longest federal government shutdown in US history, from October 1 to November 12, fully or partially affected many parts of the federal government, including the securities regulator, after weeks without an agreement between Donald Trump‘s Republicans and the Democratic opposition.
Unilever, which had previously aimed to complete the demerger by mid-November, warned in October that the US securities regulator (SEC) was “not in a position to declare effective” the registration of the new company’s shares. However, the group said it was “determined to implement in 2025” the separation of a division that also includes the Ben & Jerry’s and Cornetto brands, and which will have its primary listing in Amsterdam.
“The registration statement” for the shares in the US “became effective on Thursday, December 4,” Unilever said in its statement. Known for Dove soaps, Axe deodorants and Knorr soups, the group reported a slight decline in third-quarter sales at the end of October, but beat market expectations.
Under pressure from investors, including the activist fund Trian of US billionaire Nelson Peltz, to improve performance, the group last year unveiled a strategic plan to focus on 30 power brands. It then announced the demerger of its ice cream division and, to boost margins, launched a cost-saving plan involving 7,500 job cuts, nearly 6% of the workforce. Unilever’s shares on the London Stock Exchange were steady on Friday shortly after the market opened, at 4,429 pence.
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Burberry has named a new chief operating and supply chain officer as well as a new chief customer officer. They’re both key roles at the recovering luxury giant and both are being promoted from within.
Matteo Calonaci becomes chief operating and supply chain officer, moving from his role as senior vice-president of strategy and transformation at the firm.
In his new role, he’ll be oversee supply chain and planning, strategy and transformation, and data and analytics. He succeeds Klaus Bierbrauer, who’s currently Burberry supply chain and industrial officer. Bierbrauer will be leaving the company following its winter show and a transition period.
Matteo Calonaci – Burberry
Meanwhile, Johnattan Leon steps up as chief customer officer. He’s currently currently Burberry’s senior vice-president of commercial and chief of staff. In his new role he’ll be leading Burberry’s customer, client engagement, customer service and retail excellence teams, while also overseeing its digital, outlet and commercial operations.
Both Calonaci and Leon will join the executive committee, reporting to Company CEO Joshua Schulman.
JohnattanLeon – Burberry
Schulman said of the two execs that the appointments “reflect the exceptional talent and leadership we have at Burberry. Both Matteo and Johnattan have been instrumental in strengthening our focus on executional excellence and elevating our customer experience. Their deep understanding of our business, our people, and our customers gives me full confidence that their leadership will help drive [our strategy] Burberry Forward”.
Traditional and occasion wear designer Puneet Gupta has stepped into the world of fine jewellery with the launch of ‘Deco Luméaura,’ a collection designed to blend heritage and contemporary aesthetics while taking inspiration from the dramatic landscapes of Ladakh.
Hints of Ladakh’s heritage can be seen in this sculptural evening bag – Puneet Gupta
“For me, Deco Luméaura is an exploration of transformation- of material, of story, of self,” said Puneet Gupta in a press release. “True luxury isn’t perfect; it is intentional. Every piece is crafted to be lived with and passed on.”
The jewellery collection features cocktail rings, bangles, chokers, necklaces, and statement evening bags made in recycled brass and finished with 24 carat gold. The stones used have been kept natural to highlight their imperfect and unique forms and each piece in the collection has been hammered, polished, and engraved by hand.
An eclectic mix of jewels from the collection – Puneet Gupta
Designed to function as wearable art pieces, the colourful jewellery echoes the geometry of Art Deco while incorporating distinctly South Asian imagery such as camels, butterflies, and tassels. Gupta divides his time between his stores in Hyderabad and Delhi and aims to bring Indian artistry to a global audience while crafting a dialogue between designer and artisan.