Fashionphile news and archive

Fashionphile's retail expansion drives record profitability

Pre-owned luxury resale platform Fashionphile achieved a 67 percent increase in profits for the 2024 financial year. The company said that the milestone reflects the company's transformational journey from a primarily digital-first business to a fully omni-channel luxury leader, redefining the resale experience. In 2024, Fashionphile marked 60...

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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...

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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...

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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...

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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...

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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

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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,...

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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...