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‘Money for nothing’: How Gen Z is cashing in on designer clothes

‘Money for nothing’: How Gen Z is cashing in on designer clothes

Got a designer dress in your wardrobe or a handbag collecting dust? It could be your next index fund.

Lauren SamsFashion editor

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Lilita Rafidi has a “magic” dress. She bought it in two sizes, at $695 each, two years ago and has since hired them out, she estimates, 120 times.

“It’s easily made me $15,000,” she says of the Zimmermann Number 96 dress. “I don’t know what it is that people love about it exactly, but they keep coming back for it.” She would be wearing it today except it has been hired out.

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Lauren Sams
Lauren SamsFashion editorLauren Sams is the fashion editor, based in Sydney. She writes about lifestyle including the arts, entertainment, fashion and travel. Lauren has worked as a features editor and fashion journalist for ELLE, marie claire and more. Email Lauren at lauren.sams@afr.com

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Original URL: https://www.afr.com/life-and-luxury/fashion-and-style/money-for-nothing-how-gen-z-is-cashing-in-on-designer-clothes-20220818-p5bazw