NEW YORK, Nov. 14, 2018 /PRNewswire/ -- Vestiaire Collective, the leading global resale site for authenticated pre-owned luxury and premium fashion, announces the appointment of Maximilian Bittner as CEO. He will succeed Sébastien Fabre, the co-founder of Vestiaire Collective, from January 1, 2019. Sébastien Fabre will remain a Director of the Company and will continue to play a key role in defining Vestiaire Collective's strategy.
Maximilian Bittner was chosen for his compelling professional career and experience in international e-commerce, which he will capitalize on to build Vestiaire Collective's growth and international expansion.
Maximilian Bittner, 39 years old, was, until March 2018, Founder and CEO of Lazada Group, Southeast Asia's leading ecommerce company. Launched in 2012, the company is present in Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam and offers exposure and market access to over 155,000 merchants, 3,000 brands and 300 million SKUs and reaches over 560 million potential customers in the region. Alibaba Group acquired majority ownership of Lazada Group over 2016 and 2017. The company's latest valuation was USD 3.15 billion.
Maximilian began his career at Morgan Stanley's Investment Banking division in London prior to joining McKinsey & Company and then Rocket Internet in Germany. He graduated with a degree in Economics and History from the University College of London and holds an MBA from the Kellogg School of Management.
Sébastien Fabre, co-founder of Vestiaire Collective said: "I've led Vestiaire Collective for nearly 10 years, confirming the unique potential of its business model and the pre-owned luxury fashion market and increasing revenue sevenfold in four years. The time has come to introduce a new structure to take our company to the next level and accelerate its international development, with a focus on Asia, one of our key markets. I'm delighted to hand the reigns to Maximilian Bittner who brings his considerable experience and in-depth knowledge of Asian markets to Vestiaire Collective. As Director, I'll continue to work closely with Maximilian and Vestiaire Collective."
Maximilian Bittner added: "I'd like to thank Sébastien Fabre, who together with Vestiaire Collective's teams, has made the company the uncontested European leader and a top global player. I'm delighted to join this wonderful adventure and am looking forward to seizing, together with Vestiaire Collective's teams, the considerable growth opportunities in the pre-owned luxury fashion market, particularly in the United States and Asia following the company's recent successful launch."
About Vestiaire Collective:
Vestiairecollective.com is the leading global resale site for premium and luxury pre-owned fashion. Encouraging consumers to join the circular economy as the sustainable alternative to fast-fashion, the platform is unique due to its carefully curated catalogue of over 600,000 desirable items. Once sold, pieces are expertly checked for quality and authenticity. Launched in Paris in October 2009, Vestiairecollective.com has over 7 million fashion savvy members, across 50 countries worldwide with offices in Paris, London, New York, Milan, Berlin and Hong Kong. Over 30,000 new items are submitted by our community of sellers every week, which enables buyers to access over 3,500 coveted and must have fashion pieces a day, ensuring that Vestiaire Collective is the go-to site for an exciting unique shopping experience.
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SOURCE Vestiaire Collective