Vestiaire Collective, the French high-end resale platform, has appointed Bernard Osta as its new Chief Executive Officer, succeeding Maximilian Bittner, who guided the company through a period of significant expansion over the past seven years.
Announcing the leadership change, the company said the move marked the beginning of “its next chapter of growth”, noting that Osta is already deeply familiar with the business. He joined Vestiaire Collective in May 2021, serving as Chief Strategy Officer until August 2023 and as Chief Financial Officer from September 2023 until his new appointment.
Before joining the resale giant, Osta spent 15 years in investment banking at Lazard and Goldman Sachs in New York and Paris, where he advised businesses on strategic and financial matters. He also serves as an independent member of the Supervisory Board of Vivendi, the global media and entertainment group.
In a statement, Vestiaire Collective’s Board expressed appreciation for Bittner’s contributions, acknowledging his “dedication and significant role” in the company’s development since 2018. The Board added that it was “delighted to open a new chapter under the leadership of Bernard”, highlighting his “intimate knowledge of the company, international experience, and strong leadership”, which it said would be “invaluable assets” for the platform’s continued growth.
Osta said the company remained “the ultimate trusted marketplace in the highly attractive pre-loved luxury fashion industry”, adding that “with the rise of AI, there is an extraordinary opportunity to accelerate the product roadmap, deliver a more engaging customer experience, and gain market share.”
Looking ahead, Vestiaire Collective plans to continue executing its AI-driven product strategy to enhance the experience for both buyers and sellers, while increasing its brand reach across Europe, the United States, and the Asia-Pacific region through innovative marketing initiatives. The company will also strengthen its authentication capabilities, ensuring continued consumer trust in the resale of luxury goods.
While the company had previously indicated that it might explore an initial public offering, there was no mention of IPO plans in its latest announcement.
