Shake-up at Vestiaire Collective: French Platform Appoints New CEO

Vestiaire Collective is renewing its top management. The French luxury second-hand fashion platform has appointed Bernard Osta as its new CEO, replacing Maximilian Bittner, who has led the company for the past seven years. The handover marks the start of a new phase of growth for the French company, with a focus on artificial intelligence, authentication and international expansion.

Osta joined Vestiaire Collective in May 2021 as chief strategy officer and subsequently took over as CFO, a position he has held until his appointment as CEO. Prior to joining the company, he developed a fifteen-year career in investment banking at Lazard and Goldman Sachs in New York and Paris. He is also an independent member of the supervisory board of Vivendi, the French media and entertainment group.

Vestiaire Collective’s board of directors thanked Bittner for his work during his tenure and noted that Osta’s “deep knowledge of the company, international experience and leadership will be key assets in its next stage of growth.“ The top executive’s future plans have not been disclosed.

Vestiaire Collective promotes its CFO to the position of CEO

In his first remarks, Osta said it is “a great honor” to take over the company and lead “a very talented team”. The new CEO highlighted the opportunity that artificial intelligence represents to “accelerate the product roadmap, deliver the best customer experience and gain market share”.

Under his leadership, Vestiaire Collective will focus its strategy on four axes: driving innovation at the intersection of luxury, technology and sustainability, implementing an AI-based roadmap to improve the experience for buyers and sellers, strengthening brand awareness in Europe, the United States and Asia-Pacific, and investing in its authentication capabilities to consolidate its position as the trusted marketplace for second-hand luxury.

Founded in Paris in 2009, Vestiaire Collective has positioned itself as one of the world’s leading luxury resale platforms, with a presence in seventy countries and a catalog of more than five million items. The company has developed technological tools to verify the authenticity of products, one of the key elements of its value proposition to promote “circular luxury”.