Mytheresa partners with Vestiaire Collective to launch a new service to help its top clients sell pre-loved items. Vestiaire Collective.
The Munich-based e-tailer is the latest luxury player to seek to tap into the fast-growing resale market, with a new service to help its top clients sell pre-loved items on Vestiaire in exchange for store credit launching Wednesday.
The initial service will apply to handbags from a list of 20 luxury designers and will only be available in Europe, but the companies said they were committed to roll out the service to a wider array of customers, product categories and brands by the end of the year.
The partnership will establish a dedicated interface for eligible MyTheresa customers. They will benefit from direct price quotes and will receive store credit as soon as the item is quality checked and authenticated, rather than waiting for it to be sold. A dedicated team is being established to support customers.
The move comes after Alexander McQueen launched a similar service with the Paris-based resale platform earlier this year. In March, the brand’s parent company, Kering acquired a 5 percent stake in the company.