Luxury resale site Vestiaire Collective has appointed Maximilian Bittner as its new CEO, taking over from co-founder Sébastian Fabre.
Bittner will take up his new position on 1 January 2019, with Fabre remaining a director of the company.
Bittner is the founder and former CEO of Lazada Group, a leading ecommerce platform in South east Asia. He left his role as CEO in March 2018. Lazada is majority owned by Alibaba Group, and is valued at $3.15bn (£2.4bn).
In his new role at Vestiaire, he will focus on growing the business internationally, with a particular focus on Asia.
Fabre 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.”
Vestiaire Collective was launched in Paris in 2009 and is a resale site for pre-owned luxury fashion. It now sells in 50 countries and has seven million members.
In October, the business underwent a brand refresh, with a new website design and marketing campaign, seeking to target international customers.