Resale meets Dragons’ Den as Luxe Collective secures investment

Resale meets Dragons’ Den as Luxe Collective secures investment

Luxury resale platform Luxe Collective has secured a £100,000 investment from an entrepreneur on the BBC’s Dragons’ Den panel.

L-R: Luxe Collective founders Ben and Joe Gallagher, ‘Dragon’ Steven Bartlett and company COO Oliver Millar

The Liverpool-based business had received investment offers from Steven Bartlett and fashion industry entrepreneur Touker Souleyman but opted for the former’s bid in exchange for a 3% equity stake in the business.

Luxe Collective founding brothers Ben and Joe Gallagher cited Bartlett’s podcast ‘The Diary of a CEO’ as being an inspiration as they built their business. The brothers, who set up the business in 2018, appeared on the show with their Chief Operations Officer Oliver Millar.

The business, which has 523,000 followers on Instagram and 1.6 million on TikTok operates the platform that offers authenticated items from major brands including Chanel, Dior, Celine and Loewe among many others. It promises private sellers a stress-free way of selling their pre-loved luxury and provides reassurance to buyers through its authentication and order tracking services, for example.

Meanwhile, its Youtube channel provides regular product reviews while products are also showcased through regular Live Shopping events.

“We are excited to have had the opportunity to share our story and vision on such a respected platform,” said its CEO Ben Gallagher.

“Being given this opportunity on this national stage is a testament to the hard work and dedication of our team, and we are excited to continue pushing the boundaries within the preloved luxury industry. This is just the start. You will hear more from Luxe, we promise you.”

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