French luxury resale platform Vestiaire Collective has promoted its chief financial officer to replace its outgoing chief executive, who is stepping down after leading the business for seven years. 

Vestiaire Collective confirmed yesterday that it had named Bernard Osta as its new chief executive, replacing former boss Maximilian Bittner who has stepped away from the business.

Osta has worked at the brand since May 2021, having joined as chief strategy officer, and was appointed chief financial officer in 2023. Before Vestiaire Collective, he worked as an investment banker for over 15 years, advising businesses with Lazard and Goldman Sachs.

Osta was also an independent member of the Supervisory Board of media and entertainment group Vivendi.

As the new chief executive, Osta will be charged with “driving innovation” at the brand, implementing its “extensive AI-enabled product roadmap to improve the buyers’ and sellers’ experience”, increasing the brand’s reach and awareness across Europe, the US and APAC and investing in the company’s authentication capabilities.

The board of directors of Vestiaire Collective said: “We want to thank Maximilian Bittner for his dedication and the significant role he has played in the development of the Company since he joined in late 2018. We wish him every success in his future professional projects.

“Looking forward, we are very happy to open a new chapter under the leadership of Bernard. We have worked very closely with him since he joined Vestiaire Collective. His intimate knowledge of the Company, international experience and great leadership will be invaluable assets for Vestiaire Collective in its next phase of growth.”

“I am very honoured to take the role of Chief Executive Officer of Vestiaire Collective and lead the highly talented team we have built over the years,” said Bernard Osta.

“Vestiaire Collective has secured a unique position as the ultimate trusted marketplace in the highly attractive pre-loved luxury fashion industry. Together, we will continue to transform fashion by giving a second life to the most desirable pieces, at the service of a more sustainable model. This is a particularly exciting moment for the Company. With the rise of AI, we have an extraordinary opportunity to accelerate on our product roadmap, deliver the most engaging customer experience and gain market share”.

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