December 17, 2021

British e-retailer Farfetch acquires luxurious resale platform Luxclusif



On-line luxurious style retailer Farfetch Restricted has acquired resale platform Luxclusif for an undisclosed sum. Farfetch goals to considerably speed up its resale capabilities by means of the event of key know-how and repair options comparable to automated pricing and sooner geographic and class enlargement of its resale service Farfetch Second Life.

The acquisition consists of Luxclusif’s know-how platform, and the Luxclusif group will be a part of Farfetch group.

Based in 2013, Luxclusif is a B2B service supplier with a profitable turnkey resolution enabling the acquisition, authentication and sale of second-hand luxurious items to and from auctions, retailers, e-commerce platforms and shops worldwide. Collectively, Farfetch and Luxclusif can leverage these capabilities and positioning to turn out to be the worldwide platform for pre-owned luxurious for each clients and business companions, the 2 firms stated in a joint media launch.

On-line luxurious style retailer Farfetch Restricted has acquired resale platform Luxclusif for an undisclosed sum. Farfetch goals to considerably speed up its resale capabilities by means of the event of key know-how and repair options comparable to automated pricing and sooner geographic and class enlargement of its resale service Farfetch Second Life.

Farfetch has labored carefully with Luxclusif