// startup autopsy
Vestiaire Collective
Pre-owned luxury's poster child burned through $330M trying to authenticate and scale simultaneously.
unit economicsMass Layoff Spiral
Cascading layoffs that accelerated the decline
| Founded | 2009 |
|---|---|
| Closed | 2024 |
| Country | France |
| Sector | Marketplace |
| Founder | Fanny Moizant, Sébastien Fabre |
// the model, blind
Evaluating only Vestiaire Collective’s profile at its peak — without knowing the outcome — the model ranked Unit economics as the #1 likely cause. That’s exactly how it died.
Key Events Timeline
FOUNDING
Fanny Moizant and Sébastien Fabre launched Vestiaire Collective in Paris as peer-to-peer luxury resale.
FUNDING
Raised $216M Series F led by Kering and Tiger Global, valuing company at over $1B (unicorn status).
LAYOFF
120 employees (23%) laid off as losses widened and IPO plans were shelved indefinitely.
LAYOFF
Second wave of layoffs (15%) and executive restructuring; company fails profitability targets two years running.