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Young Europeans are driving the growth of luxury second hand platforms in the region.

Young Europeans are driving the growth of luxury second hand platforms in the region. The second hand luxury market, currently valued at €43 billion, is expected to grow significantly in the next few years. According to a report by VestaireCollective, Gen Z and Millennials are the most active buyers and sellers of luxury resale goods, reflecting these gens’ shift toward more sustainable and budget-friendly shopping habits. (Fortune)

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