Resale Stays Hot as Platform Powering Lululemon Valued Over $200 Million

Trove Recommerce, a maker of online platforms for brands such as Lululemon and Patagonia to sell used goods, raised $77.5 million from investors trying to get in on the hottest part of the apparel market. The Series D round, led by G2 Venture Partners, brings the company’s total funding to $122.5 million, Trove said. The investment increases the […]

Trove & CaaStle CEOs on the Recommerce Revolution

In this episode of Cowen Insights by Oliver Chen, Christine Hunsicker, CEO & Founder of CaaStle, and Andy Ruben, CEO & Founder of Trove, speak with Oliver Chen, Retail & Luxury Goods Analyst. They discuss the state of the recommerce market and its growing importance to brands and consumers. They also discuss the explosive growth […]

What 2020 Taught Fashion About Sustainability and Where to Go From Here

Kaley Roshitsh, of WWD, reports “What 2020 Taught Fashion About Sustainability and Where to Go From Here.” “Resale gained ground in 2020 and is set to seize market share in a post-COVID-19 world as a business that’s more resilient in the face of economic recession. Re-commerce provider Trove which powers resale for Levi’s, Patagonia, Eileen Fisher, […]

Yahoo Finance: Trove CEO on the state of the resale market

Trove founder and CEO Andy Ruben joins Yahoo Finance Live to discuss the state of the resale market, including how brands benefit to own their resale channels, why more consumers are shopping secondhand for holiday this year and the future of resale. READ MORE See the Video Interview

From circularity to climate change: Sustainable fashion in 2020

Rachel Cernansky, of Vogue Business, reports on Sustainability: From circularity to climate change: Sustainable fashion in 2020. Resale took off in 2020: brands from Levi’s to H&M-owned Cos turned to white-label platforms to launch in-house resale programmes, and luxury resale is projected to grow up to 20 per cent each year for the next five years, […]