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Fashionphile

Online marketplace for buying and selling pre-owned luxury goods.

Discussion

Company facts

Founded
1999
Employees
403
Headquarters
United States
CEO
Ben Hemminger, Sarah Davis
Type
Private
Funding
Series B · $38.5M · 2020
Subsidiaries
Luxe Collective, Two Authenticators

About

We are FASHIONPHILE, the pioneering ultra-luxury re-commerce leader, dedicated to making the world's most coveted brands more accessible. Our journey began in 1999, born from the simple yet powerful idea of our Founder and President, Sarah Davis. What started as a passion for luxury handbags and the realization of their lasting value in the secondary market has blossomed into a premier destination for buying and selling pre-owned designer pieces. In 2006, a pivotal partnership with our CEO, Ben Hemminger, propelled our vision forward, expanding our collection and introducing our curated selection to a broader audience. For over two decades, we have been at the forefront of the circular economy, championing a sustainable alternative to traditional luxury retail. Our commitment extends beyond just fashion; it's about extending the lifecycle of luxury goods and making them attainable for a more diverse and discerning clientele. At our core, we are a technology-driven company with a profound appreciation for craftsmanship and authenticity. This is why we have developed one of the most rigorous authentication processes in the industry, ensuring that every item we offer is 100% genuine. We've even 'written the book' on authentication, a testament to our unwavering dedication. Our innovative approach includes a direct buyout model, offering our sellers immediate payment for their items, a clear departure from the traditional consignment model. This commitment to a seamless and trustworthy experience has not gone unnoticed. In a landmark move, we became the exclusive re-commerce partner of Neiman Marcus, a strategic alliance that bridges the primary and secondary luxury markets. We are more than just a marketplace; we are a community built on trust, transparency, and a shared love for timeless style. We are constantly evolving, driven by our mission to revolutionize the luxury landscape and to empower our customers to consume fashion more consciously and joyfully.

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