Photo - Luxury Lover
54740

Luxury Lover

Online Consignment shop

Ukraine, Kyiv city
Market: Trade
Stage of the project: Operating business

Date of last change: 28.11.2021
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Idea

Buying and Resale of luxury items globally.

Current Status

We have built 70% of the assortment size of the largest luxury resell competitors within 12 months.

We have transformed a traditionally capital-intensive luxury resell model into a lean, high- margin operation through process, supply chain optimization and the elimination of inventory.

We have successfully scaled our business into 3 markets within 12 months with significant capacity for further growth.

Problem or Opportunity

Luxury goods resolve people’s insecurities about their place in society. I have, therefore I am.
These things set us apart from the crowd and make us special, in our eyes, and in the eyes of others.
70% of people globally cannot allow themselves to buy the luxury goods directly from the shop
because of high price.
Scarcity is being utilized to drive the desirability and value of luxury goods, particular handbags as Channel, Hermes. Digital marketplaces and in particular social media sites such as Instagram, Facebook, TikTok, YouTube are now the go to locations whilst sourcing hard to access items globally.


Solution (product or service)

We believe we have cracked it, our global platform uniquely sources a selection of hard to access products at the right price for the customer.
Consignment + LL investment pieces
Online & Online to Offline

Competitors

Famous international resell online platforms are the Farfetch, the Vestiare Collective, the Realreal these tend to work in more highly developed markets and target digitally savvy consumers.
The gap is to organize the unorganized segment of the market that is not so digitally aware and tend to live in developing economies. These consumers have equal appetite for luxury, if not more, as a statement of social good standing.
In Ukraine, for example, there are two small outlets that operate: the Trends Hunter, and the Luxury SecondLife.
They sell through the store and the Instagram platform. Operating mainly in the territory of Ukraine. The offer of goods is limited due to the dependence on the region. Our search is global but able to tap into the potential of these markets easily.

Advantages or differentiators

The Luxury Lover has sales channels in Asia and throughout Europe.
With our global footprint we can constantly update the product range, keeping it relevant and desire.
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video