The luxury resale market has been undergoing a seismic shift, and myGemma’s latest move—launching an ultra-streamlined consignment service—is proof that the game is evolving yet again. Known for its quick direct-selling model, myGemma has now entered the consignment space, promising sellers higher returns while handling the entire process from listing to logistics. But is this … Read more
NET-A-PORTER, MR PORTER and THE OUTNET are bringing customers their most extensive resale pilot to date, revealed in a landmark partnership between YOOX NET-A-PORTER and the leading resale technology provider, Reflaunt. The collaboration will draw on NET-A-PORTER, MR PORTER and THE OUTNET’s heritage of personalised customer service and enable shoppers to contribute to … Read more
Resale market is a boost rather than a threat for luxury industry. Survey. Here is why Luxury Brands Should Celebrate the Pre-Owned Boom According to a new report, resale is a recruiting mechanism for luxury brands with second hand being a great way to boost sustainability. Second-hand sellers are predominantly first-hand buyers, says “Why Luxury … Read more
Burberry x The RealReal to promote a more sustainable future for fashion. How it is translated in the real-life? Burberry And The RealReal Join Forces To Make Fashion Circular. On National Consignment Day, global luxury brand Burberry and authenticated luxury consignment marketplace The RealReal announced they are teaming up to promote a more … Read more
August is supposed to be luxury’s quiet month — the pause between resort season and the September show circuit. This week said otherwise. Auction houses posted their best first half in years, private jet operators are consolidating and rationing access in the same breath, a hypercar shed a meter of height for the sake of … Read more
From dinosaur bones to private jets, vintage couture to curated high streets — Knight Frank’s landmark 20th Wealth Report takes a long, unflinching look at what truly wealthy people want right now. Spoiler: it’s not what you think. There’s a question that luxury brands, property developers, auction houses, and yacht builders have all been quietly … Read more