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Here’s How the ‘Circular Luxury’ Resale Economy Benefits Premium Brands

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A new survey by BCG and Vestiaire Collective illuminates the many reasons why the booming resale market stands to benefit luxury brands.
CREDIT: Vestaire Collective

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Following The RealReal’s $300 million IPO in June and its subsequent partnership with Burberry, it seems luxury brands are now waking up to the possibilities the resale boom presents. On Wednesday, the Boston Consulting Group (BCG) and luxury resale player Vestiaire Collective released a survey that makes another compelling economic case for the secondhand luxury…

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