Farfetch acquired the resale platform for an undisclosed sum. Here’s what it means for white-label luxury resale.
White-label resale is a lucrative target for Farfetch. “Much of the vision is to use the Luxclusif platform to operate a white-label proposition for brands and retailers. You can imagine the opportunity to replicate what we’re doing for Farfetch, but for brands directly,” Belloli added.
— with more and more brands and retailers entering the space, among them Gap, 3.1 Phillip Lim, Nordstrom, Walmart, Gucci, Levi’s and Rent the Runway. Re-commerce middlemen like Trove, Archive and Recurate are already taking names and eyeing the billion-dollar opportunity in brand-owned resale.
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