Cudoni news and archive

Sign of the Times acquires Cudoni assets

London-based luxury resale platform Sign of the Times has acquired certain assets of Cudoni, which collapsed into administration in April, citing the rising cost of living and economic crisis in the UK. In a statement, Sign of the Times said the acquisition would reinforce itself as one of the largest luxury resellers in the UK by increasing its...

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Business

Resale platform Cudoni closes its doors

Resale platform Cudoni has announced that it has made the decision to shutter its business after being hit by the “current climate” in the UK. Its closure comes just three months after the company raised a significant 7.5 million pounds in a funding round led by marketplace giant Ebay’s venture arm and existing investors. The platform, which was...

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Business

Ebay invests in luxury resale platform Cudoni

Luxury resale platform Cudoni, has raised 7.5 million pounds from eBay’s venture arm and existing investors. The UK-based company, which aims to simplify the luxury resale process, said “it is an outstanding vote of confidence in the brand and our ambitions, to receive investment from recommerce pioneer, eBay, during what has been an incredibly...

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Report

Cudoni hires Michael Groffenberger as chief commercial officer

Resale site Cudoni has hired Michael Groffenberger as its first chief commercial officer. Groffenberger comes from popular retail site The Real Real. The news was reported by Business of Fashion. Founded in 2017, Cudoni is working on becoming a major player in the secondhand fashion market space. The secondhand fashion market is projected to...

Fashion

Cudoni reports rise in men’s sales

Luxury fashion resale brand Cudoni is targeting men with a new campaign after reporting that increased interest in men’s resale has helped it achieve 400 percent year-on-year growth. Cudoni reports that three years ago, men made up just 20 percent of its site users, this has increased to 35-40 percent on a monthly basis. The resale platform adds...

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Business

Cudoni secures multi-million-pound investment

Luxury fashion resale brand Cudoni has secured a further round of investment to the total of 4.6 million pounds, which it states will support plans for international expansion. The multi-million-pound investment comes from the backing of key investors with the Daily Mail Group Ventures leading the investment round to raise funds from Andrew...

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Retail

Resale service Cudoni relaunches marketplace

Cudoni, the luxury resale service, has revamped its marketplace, which allows luxury consumers to browse and buy from a curated collection of fashion, accessories and technology, as part of its aim to change the face of online retail. The new website places the shopping experience and its VIP service at the forefront, highlighting how each piece...

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Business

Fashion resale startup Cudoni secures 1.4 million pounds

Luxury fashion resale brand Cudoni has secured 1.4 million pounds worth of investment to support its international expansion plans. The multi-million pound backing comes from founder of men’s retailer Charles Tyrwhitt, Nick Wheeler, as well as Lord Mervyn Davies, chairman of the Lawn Tennis Association, Matt Cooper, founder of Capital One bank,...

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Management

Luxury start-up Cudoni receives 425,000 pound investment

London - The founder of luxury resale service Cudoni, James Harford-Tyrer, has received a 425,000 pound investment for the growth of the UK start-up. The investment will be used to create seven new jobs within the company and fund its expansion across the UK. Based in London, Cudoni relaunched last May after originally launching in October 2015...