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Vestiaire Collective crowdfunds, with potential IPO ahead

The second-hand fashion marketplace Vestiaire Collective, buoyed by Kering's backing, embarked on a crowdfunding venture, eyeing a stock market debut in 2025. The campaign, aimed at roping in a minimum of one million euros from individual investors, sets the stage for Vestiaire's leap towards profitability by year's end. With a valuation pegged at 1.1 billion euros, the company's shares are priced at 1.78 euros. This initiative underscores Vestiaire's commitment to engendering a robust rapport with its clientele, even as it navigates through a luxury sector slowdown.

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