FASHIONPHILE, a resale e-commerce platform specialising in pre-owned, ultra-luxury accessories, has acquired the assets of Canadian luxury vintage omnichannel retailer Two Authenticators (2a).
The move boosts FASHIONPHILE’s capabilities in the business-to-business (B2B) wholesale and omnichannel space.
FASHIONPHILE has established itself as one of the largest resale platforms in the US for ultra-luxury, pre-owned accessories, and features brands such as Chanel, Hermès, Gucci and Louis Vuitton.
The transaction aims to optimise the company’s international expansion in B2B wholesale and omnichannel operations.
2a co-founder and CEO Fred Mannella will join FASHIONPHILE as senior vice-president of wholesale.
He will report to Ben Hemminger, co-founder and CEO of FASHIONPHILE.
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By GlobalDataHemminger said: “We continue to be excited about the opportunity to diversify our omnichannel operations and enter the second-hand wholesale market in the US and internationally.
“By acquiring 2a and adding Fred Mannella to our team as one of the world’s leading luxury vintage experts, we are well positioned to enter this new phase of growth.”
Founded in 2021, 2a supports luxury vintage retail B2B operations in Canada and the US.
The company has more than 30 years of combined experience in pricing, grading and validating the authenticity of products.
The acquisition of 2a comes after FASHIONPHILE purchased assets of the operating subsidiaries of Canadian omnichannel retailer LXRandCO.
In 2019, the company became the exclusive re-commerce [re-sales and vintage] partner of Neiman Marcus, and has since opened ten FASHIONPHILE selling studio locations within Neiman Marcus stores nationwide.