Farfetch acquires LUXCLUSIF

Farfetch acquires LUXCLUSIF

UK-based online fashion retail platform Farfetch has purchased resale platform LUXCLUSIF for an undisclosed amount.

LUXCLUSIF is a business-to-business (B2B) service provider that enables luxury goods to be acquired, authenticated and sold to and from auctions, retailers, e-commerce platforms and stores worldwide.

Farfetch said it has worked closely with the platform for a number of years, first through its start-up accelerator program and most recently through Farfetch’s resale service, Farfetch Second Life.