Fashion Investments and M&A

Date: January 2024
Buyer: Steven Bartlett
Target: Luxe Collective
Business: Luxury Fashion Re-sale
Value: £100k
Details: Steven Bartlett, of BBC’s Dragons’ Den, has invested £100,000 in Luxe Collective, a British luxury fashion resale platform, founded in Liverpool by brothers Ben and Joe Gallagher back in 2018. Similar to the likes of Vestiare Collective and Tradesy, Luxe Collective offers a platform for private sellers to sell pre-loved luxury items to buyers, once the items have been authenticated. Luxe Collective, which has amassed 2.2 million social media followers, is part of a growing trend which emphasises shopping pre-loved items as a means of combatting the ‘fast fashion’ model, and aiming for a more environmentally-friendly textile industry.