So, what is this Luxury Asset Exchange? Essentially, it’s a platform that links the first and second-hand markets, transforming products into valuable assets. This means that your purchases can now be considered wearable liquid assets, which is pretty cool.
But that’s not all – the platform also benefits brands and retailers. It does this by providing them with loyalty and royalties on each trade. Plus, with the platform’s technology, you can authenticate a product’s ownership history and know the true value of your luxury items.
The CEO and Co-Founder of LABELL-D, Julia Vendramin, has worked for Hugo Boss, Burberry, and Smythson. So she knows what she’s doing. The company has already been seed funded by angel investors and has over 75,000 active users, with 35 high-end brands, including Gucci and Burberry.