The Luxury Closet Raises $8.7M In Growth Funding

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The Luxury Closet Bags $8.7 M In Growth Funding From Investors Led By MEVP Dubai-based luxury resale marketplace The Luxury Closet recently raised $8.7 million in growth round of funding, bringing its total funding till date to $18.7 million. The latest funding ...

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ThredUp’s Open Letter To Burberry

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In an open letter to Burberry spurred on by the fashion houses admission to burning up to $38Million dollars worth of products, ThredUp sent an open letter inviting them to send their goods to the resale marketplace with 100% of ...

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The RealReal Raises $115 Million in Series G Funding

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The RealReal has raised another round of funding to the tune of $115M to build new fulfillment centers and expand its brick-and-mortar footprint. Hopefully they will start addressing the authentication issues that seem to be growing on their platform! Originally posted ...

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How AI Is Being Used to Combat Luxury Fakes

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Originally posted on Racked.com and written by Molly Kendrick Entrupy and Goat are using AI to find counterfeit handbags and sneakers. Luxury handbags may exude the confidence of wealth, but take them with a grain of fancy salt — the counterfeit business ...

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Would You Trade Your Louboutins For Points?

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Luxury Shoe Club, the app that allows you to trade in your shoes for points then use those points to purchase other shoes on their app launched Monday. Yep, you won't receive money but you will receive half the resale ...

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Another Day, Another Chanel Lawsuit

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Another week, another Chanel lawsuit but this one is pretty massive weighing in at a whipping $56M against an eBay seller for selling counterfeit or not meant for public Chanel makeup. There is a document that Chanel provides eBay sellers ...

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The RealReal Diamond Lawsuit Update

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If you didn't know, The RealReal was sued a few months ago by a woman who purchased a diamond ring on t heir website. The issue was,  it was listed as 2.10 carat weight but when she received the ring, ...

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Own The Couture Acquires Love That Bag

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Own The Couture, the luxury resale company based in Montreal, has acquired Love That Bag. In an email sent to their subscribers today announcing the acquisition, Own The Couture now places itself as one of the larger luxury resale companies ...

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The RealReal is Popping Up On Melrose

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The RealReal has been literally everywhere lately and with the amount of money that have raised along with the prospects of going public, their talk of sustainability (which I applaud) and yet another pop-up is just another notch in their ...

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E-Drop Off Announces Closure

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While it didn't come as a total shock to me, I am really sad to see E-Drop Off announce their closure. Corri had always shown was a class act she was by the way she grew her business, handled the ...

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The Dark Side Of The PurseForum

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I have been working on a post about the dark side of the Purse Forum and what utter nonsense it is. I have b=never seen a bigger collection of petty bullies in my life. I have been a registered user ...

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Is this the beginning of the end for Tradesy?

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Tradesy is having issues, I think we can all agree on that one ,but we're wondering if this is the beginning of the end.  I recently shared that Tracy DiNunzio is battling her ex over compensation which is a bummer ...

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Couple Netted $8M from Fake Uggs, Designer Bags And More

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I don't know what's worse. the fact that this type of counterfeiting and money laundering is still happening in this day and age or that the larger marketplaces have not put any sort of practices in place to stop it. Originally ...

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Poshmark and Snapchat – A Match Made in Social Media Heaven

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Hold on, it's not as awesome as you would think but it is the move in the right direction Snap on Thursday rolled out Snap Kit, a platform that enables Poshmark and others to integrate Snapchat features such as stickers and ...

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Brands must pay to remove counterfeit websites selling their goods

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I'm sharing this post because of the importance of the message. Not only are these luxury houses making a valiant effort in shutting down counterfeit sellers, the websites that pop up on a daily basis selling counterfeit goods are going ...

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Kate Spade Dead

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I don't cry very often but the news of Kate Spade's death, especially by suicide, has been just heartbreaking. NEW YORK (AP) — Kate Spade, a fashion designer known for her sleek handbags, was found hanged in her Park Avenue ...

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Snobswap Takes A Chance With Rebranding to Leprix

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As I wrote a few months ago, Snobswap has finished the rebranding process to LePrix. While I understand the data side of it, not sure how or if this is going to effect their business but we'll keep an eye ...

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Rue LaLa buys GiltGroup

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Rue LaLA has shared their intentions into purchasing Gilt and the Gilt Group in an email sent to their customers today. Why does this matter to you? Well for a couple of reasons. Rue LaLa is one of the larger ...

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