resell news and archive

Watch reseller Wristcheck raises 8 million US dollars

Hong Kong-based luxury watch consignment retailer Wristcheck has raised 8 million US dollars in a seeding round led by Gobi Partners GBA, which manages Alibaba’s Hong Kong Entrepreneurs Fund and AEF Greater Bay Area Fund, with participation from K3 Ventures. Since launching in 2020, Wristcheck reports that it has experienced 75 percent...

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Fashion giant H&M to launch resale platform in Canada next month

Swedish retail giant H&M is launching its own second-hand fashion platform in Canada next month as it continues to expand its presence in the red-hot resell market. The new platform, called H&M Rewear, is a “one-stop digital customer to customer (C2C) resell destination” powered by London-based Resale-as-a-Service (RaaS) technology company...

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Business

Handbag Clinic launches second capital raise

Handbag Clinic, the luxury bag restoration and resale business, is seeking 2 million pound investment, after embarking on its second capital-raising campaign to help support its global expansion plan. The handbag restorer is hoping to raise more funds to expand in core business areas - brand building, streamlining systems and recruitment of...