Pre-owned news and archive

Pre-owned watch market normalises after the speculative boom

Zurich – The frenzied demand for pre-owned watches has subsided, but the market continues to organise itself and grow faster than that of new watches, according to a study published on Thursday by Deloitte. The pre-owned watch market had accelerated in the wake of the Covid-19 pandemic before experiencing a sharp reversal, but remains poised for...

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Zara names Stripe as payments partner for resale platform

Stripe, a financial infrastructure platform for businesses, has been selected as Zara’s payments partner to process all payments for the retailer’s pre-owned clothing marketplace, Zara Pre-Owned. In a statement, Zara said it will use Stripe Connect to move funds between buyers and sellers of pre-owned Zara products. The multi-payment...

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Ebay invests in luxury resale platform Cudoni

Luxury resale platform Cudoni, has raised 7.5 million pounds from eBay’s venture arm and existing investors. The UK-based company, which aims to simplify the luxury resale process, said “it is an outstanding vote of confidence in the brand and our ambitions, to receive investment from recommerce pioneer, eBay, during what has been an incredibly...

People

Marrkt names David Segal as marketing manager

Marrkt, the online retailer which sells pre-owned and deadstock menswear products from global brands, has appointed David Segal as its marketing manager, as the platform looks to scale in 2022 and expand to the US. Segal joins from responsible design company Raeburn, where he has served as digital and creative content manager for the past five...

Fashion

Rolex tops list of most searched for second-hand brand

Rolex is the most searched for brand when it comes to pre-owned luxury, according to data from For-sale.co.uk’s Second Hand Fashion Index. Using the methodology of searching in Google with the term ‘used’ followed by brand, Patagonia and Louis Vuitton came second and third. With the second-hand fashion market seeing unprecedented demand, fashion...

Fashion

Farfetch and Susan Caplan launch vintage Dior jewellery

Farfetch has launched a collection of archive Christian Dior jewellery in collaboration with boutique partner Susan Caplan, as part of its newly-launched Pre-Owned hub and its growing focus on sustainability. The 80-piece Dior archival jewellery collection, sourced by Susan Caplan, purveyors of the UK's largest selection of quality vintage...