Fashionphile news and archive

Fashonphile secures assets of pre-owned luxury distributor

Resale platform Fashionphile has said it has purchased the assets of Montreal-based Two Authenticators Inc. (2a), a wholesale distributor of authenticated, pre-owned luxury goods. As part of the deal, co-founder and CEO of 2a, Fred Mannella, will join Fashionphile as senior vice president of wholesale, and will report to the platform’s own...

Business

Fashionphile acquires LXRandCo. to expanding to B2B wholesale

San Diego-based luxury resale platform Fashionphile, which specialises in pre-owned, ultra-luxury accessories, is expanding into business-to-business wholesale after acquiring Canadian pre-owned luxury omnichannel retailer LXRandCo. (LXR). In a statement, Fashionphile said it has acquired the inventory, intellectual property assets, including...

Business

Fashionphile named a Certified B Corporation

Luxury resale platform Fashionphile has announced its status as a Certified B Corporation. The B Corp certification recognizes companies across a number of industries that uphold “high standards of verified performance, accountability, and transparency”, according to the official Benefit Corporation site. Founded in 1999, Fashionphile has been a...

Report

Fashionphile makes new board and exec hires

Re-commerce platform Fashionphile has announced the appointment of two new board members and two senior executives, as it continues on its path of growth. The chief executive officer of Everlane, Andrea O’Donnell, and Hannah Kim, the chief legal officer, corporate secretary, chief compliance officer of Neiman Marcus, have joined the company’s...

Retail

Fashionphile opens 60-000-square-foot authentication center in Manhattan

Fashionphile is on a mission to bring customers properly authenticated luxury resale. The latest step in their quest includes the opening of a 60,000-square-foot authentication center and showroom in New York City, located in the Starrett-Lehigh building in Chelsea. The new center features views of the Hudson River and will give the public an...

Podcast

Fashion is your Business interviews Sarah Davis of Fashionphil‪e‬

In this episode, Fashion is your Business has interviewed founder and president Sarah Davis of Fashionphil‪e‬, an online retail website. Davis discussed revolutionising re-commerce and retail. Listen to the podcast below. Source: Fashion is your Business via OmnyStudio

ManagementFeatured

Luxury re-sale platform Fashionphile raises 38.5 million dollars in Series B funding

New York – Fashionphile announced earlier this week that it has raised 38.5 million dollars in Series B funding led by NewSpring Growth, the dedicated growth and expansion strategy of private equity firm NewSpring. "Over the past 20 years we've developed the largest luxury inventory in the industry, created cutting edge recommerce technology,...

RetailFeatured

Changing consumer values leads to rise of conscious luxury

The tectonic plates of the luxury fashion market are in continual shift leaving brands scrambling to react in order to remain relevant. The idea of conscious luxury is one that didn’t exist fifteen or twenty years ago. The assumption was that a luxury item was conscious by its very nature: the quantity was controlled to maintain its allure of...

Report

Increasing sustainability awareness expected to boost vintage clothing sales this holiday season

New York – A recent survey reveals that increasing concerns and awareness of the importance of a sustainable apparel ecosystem will boost vintage clothing sales this upcoming holiday season. A new survey from Accenture indicates that issues of sustainability and security are factoring into people’s thinking, to the point where shoppers in the...

BusinessFeatured

Neiman Marcus makes an investment in luxury resale market

The resale market is projected to reach 51 billion dollars in the next five years, according to a recent report from ThredUp, and fashion retailers are diving into this growing market. Last week, the H&M Group announced an e-commerce trial of secondhand sales for its & Other Stories brand, and now Neiman Marcus has become the first luxury...